While the American-Dademized StableCoins dominate Stablecoin and Real World Asset (RWA) tokenization, in accordance with Tether co-founder Reeve Collins, other competitors turn into involved.
In an interview with CoinTelegraph in Dubai, Collins said that USD's currently supported StableCoins can currently compete with Back StableCoins. He said:
“Stablecoin definitely helps to preserve the dollar crown, especially within the crypto range. The dollar is a sort of reserve currency from crypto. But now other currencies come into play. But what’s much more essential, they usually are not currencies. They are other varieties of support.”
Collins said that these other assets which have attributed stable coins could compete with US dollars by bringing the next return to the users.
Interview with Tether co-founder Reeve Collins in Dubai, Vae. Source: cointelegraph
According to Tether co-founder, tokenized assets can perform stable coins
Collins who works to bring the StableCoin return for users through PI Protocol told CoinTelegraph that other than currencies, money market funds, other raw materials and gold, stable coins could support in the longer term.
“For example, for those who can support it with money market funds that achieve the next return than T-Bills and other things like this who come on the chain, where loads of return is generated. These may have priority,” said Collins.
Collins said they’ll “win” because they’ll bring higher user dates. In addition, the chief said that the RWA toking could play a task in supporting stablecoin.
The executive announced CoinTelegraph that, since all sorts of assets could be token, they could be utilized in the longer term to support stable coins. “You may have many other options than simply dollars,” he added.
Stablecoin with Trump-Knichten lays the premise for the remainder of the world
In March the Liberty Financial (Wlfi) project, supported by US President Donald Trump, began its stable coin for BNB chain and Ethereum. However, the project said that the tokens weren’t yet tradable.
According to Collins, the StableCoin entry of a project supported by Trump implies that stable coins at the moment are “completely accepted”. The manager is of the opinion that everybody will participate in stable coins due to move. This includes institutions, governments and financial technology firms.
“The President of the United States began a stablecoin. It is impressive. It forms the premise for the remainder of the world to do that too,” he said.
