Reeve Collins, co-founder of Tether, believes that within the next decade every form of currency could take the shape of a stablecoin as finance continues its migration onto blockchain.
“By 2030, all money will be a stablecoin. Fiat like the dollar, euro, or yen will simply exist on blockchain rails,” Collins said during Token2049 in Singapore.
He explained that stablecoins are essentially traditional currencies operating on-chain, making them the most efficient way to move value. According to Collins, the transition could happen even sooner, as the advantages of tokenized assets are becoming impossible for banks and institutions to ignore.
“In practice, you’re still using dollars or euros — it’s just that the definition of a stablecoin is money transacting on a blockchain,” he noted.
Regulatory Shift in the U.S. Opened the Door
Collins highlighted that the most significant development for crypto this year has been the U.S. government’s softened stance toward the sector.
He argued that many traditional financial giants hesitated to participate in crypto due to regulatory concerns. Now, with clearer signals from Washington, institutions are rushing in, with stablecoins at the center of their strategies.
“Every major bank and financial institution wants their own stablecoin. It’s more efficient, more profitable, and the floodgates are already open,” Collins said. “We’re heading to a future where the divide between CeFi and DeFi disappears. Instead, applications will simply handle payments, lending, and investments in a hybrid way.”
Why Tokenization Matters
Collins also emphasized the growing importance of tokenization, saying that assets moved on-chain become more useful and transparent compared to their traditional forms.
“The leap in utility is enormous. The same asset, once tokenized, becomes more efficient and potentially more profitable,” he explained.
However, Collins acknowledged that the shift comes with risks. Blockchain bridges, smart contracts, wallets, and social engineering attacks still pose challenges.
“Security is improving, but the trade-offs remain. Full self-custody is powerful but complex. On the other hand, third-party custodial services are evolving to give people more choices,” he said, adding that risks are an inevitable part of technological progress.
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