Tether Co-Founder: US Dollar Faces Growing Stablecoin Competition Amid Trump-Backed Initiatives

The stablecoin sector is evolving rapidly as new forms of asset backing emerge, with growing competition challenging the US dollar’s long-standing dominance, according to Tether co-founder Reeve Collins. Speaking to Cointelegraph, Collins suggested that tokenized money market funds, commodities, and real-world assets (RWA) could shape the next generation of stablecoins, offering users higher yields and more diverse options. Tokenized Assets to Reshape Stablecoin BackingCollins, now focused on bringing stablecoin yield solutions through Pi Protocol, explained that stablecoins backed by traditional financial instruments like money market funds — which can offer higher yields than short-term government securities such as T-bills — may become increasingly attractive to users. "When you can back [stablecoins] with money market funds that generate a higher yield than T-bills, those will take precedence," Collins said, highlighting that tokenized assets could soon offer superior returns compared to traditional dollar-pegged options source: https://www.binance.com/en/square/post/23581182645529?utm_source=BinanceNewsRSS