Furthermore, the executive also said RWA tokenization could play a role in stablecoin backing. The executive told Cointelegraph that since all types of assets can be tokenized, these can be used to back stablecoins in the future.“You’re going to have a lot of choices other than just dollars,” he added. Related: Tether boosts Juventus stake to 10% in latest strategic buyTrump-linked stablecoin lays foundation for the rest of the worldIn March, the World Liberty Financial (WLFI) project, backed by US President Donald Trump, launched its stablecoin on BNB Chain and Ethereum.
While United States dollar-denominated stablecoins dominate the stablecoin and real-world asset (RWA) tokenization game, other competitors are coming into play, according to Tether co-founder Reeve Collins. Speaking to Cointelegraph in Dubai, Collins said that while USD-backed stablecoins may currently dominate, other currencies and assets may compete to back stablecoins.
It's other types of backing.”Collins said that these other assets used to back stablecoins may compete with US dollars by bringing a higher yield to users. Interview with Tether co-founder Reeve Collins in Dubai, UAE.
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Author / Journalist: Cointelegraph by Ezra Reguerra
The story "US dollar to face growing competition for stablecoin dominance: Tether co-founder" has 416 words across 20 sentences, which will take approximately 2 - 4 minutes for the average person to read.
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