Non-USD Stablecoins Gain Traction as Competition Grows

While dollar-backed stablecoins have dominated the market for years, a shift is underway with the emergence of stablecoins backed by assets like gold, euros, and other commodities. This trend is predicted to accelerate in the near future, driven by higher yields offered by these alternative backing options. Reeve Collins, co-founder of Tether, anticipates this shift will significantly impact the stablecoin landscape.