Tether Co-founder Predicts US Dollar to Face Competition in Stablecoin Market

Tether co-founder Reeve Collins predicts that the US dollar's dominance in the stablecoin market will face growing competition. Collins believes that other currencies and assets, such as money-market funds, commodities, and gold, could back stablecoins and offer higher yields to users. He also noted that RWA tokenization could play a role in stablecoin backing, with the recent launch of a Trump-backed stablecoin signaling broader acceptance of stablecoins across institutions, governments, and fintech companies.