Krutika Adani
Tether co-founder Reeve Collins says USD-backed stablecoins dominate today, but the future could see competition from other currencies and assets offering better yields.
From money market funds to gold and commodities, Collins believes backing stablecoins with yield-generating real-world assets could dethrone the US dollar in the crypto space.
According to Collins, users will gravitate toward stablecoins backed by assets with better returns. Yield, not nationality, will define the future of stablecoin adoption.
The launch of World Liberty Financial, a Trump-linked stablecoin, shows stablecoins are now politically mainstream. Collins says it paves the way for global adoption.