Tether Joint Creation: As more assets may become endorsements for stablecoins, US dollar stablecoins will face increasingly fierce competition

On April 29th, according to Cointelegraph, Tether co-founder Reeve Collins stated in an interview in Dubai that although US dollar stablecoins currently dominate the stablecoin and physical asset tokenization (RWA) fields, they will face more competition in the future. Collins pointed out that assets such as money market funds, commodities, and gold may all serve as endorsements for stablecoins. As these assets may bring users higher yields than US treasury bond bonds, they may play an important role in the stable currency market in the future. In addition, Collins believes that the launch of stablecoin projects supported by Trump indicates that stablecoins have gained full recognition, which will lay the foundation for other institutions, governments, and fintech companies around the world to enter the field.