Stablecoin Winner Will Be Decided by Collateral, Not Yield, Says Expert

Artem Tolkachev, chief RWA officer at Falcon Finance, argues that the stablecoin industry is focused on the wrong metric — yield — instead of collateral quality. Yield-bearing stablecoins are racing toward a $50 billion market capitalisation, but Tolkachev warns that the real differentiator for winning projects will be the type and quality of assets backing them.