Tether (USDT-USD) co-founder Reeve Collins believes dollars, euros and yen will all live on the blockchain by 2030, predicting a future where traditional money merges seamlessly with digital rails.
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“All currency will be a stablecoin. So even fiat currency will be a stablecoin. It’ll just be called dollars, euros, or yen,” Collins said in an interview at Token2049 in Singapore. He added that stablecoins should be viewed simply as existing money operating on blockchain infrastructure, and argued this transition will accelerate within the next five years.
Collins Predicts a Stablecoin-First World
Collins explained that the definition of stablecoins is broader than many realize. To him, it is not a new currency, but the same money people already use, only tokenized. “A stablecoin simply is a dollar, euro, yen, or a traditional currency running on a blockchain rail by 2030,” he said.
He argued that the efficiency gains are too strong for global finance to ignore. Once money flows on blockchain rails, settlement becomes faster, cheaper, and more transparent. This shift, he predicted, makes stablecoins the “primary method of transferring money” within just a few years.
U.S. Policy Shift Opens the Floodgates
Collins pointed to an important turning point this year, the change in tone from U.S. regulators toward crypto. “The best thing to ever happen to the crypto market was the positive shift in stance by the U.S. government this year,” he said.
He explained that large financial institutions were hesitant to experiment out of fear of government backlash. But with clearer guidance emerging, traditional finance is now racing to create stablecoins of its own. “Every large institution, every bank, everyone wants to create their own stablecoin because it’s lucrative and it’s just a better way to transact,” Collins said.
Tokenization Creates More Utility
According to Collins, the future of finance is tokenized. He emphasized that putting assets on-chain makes them more efficient, and therefore more valuable. “The tokenization narrative is so big because everyone realizes the increase in the utility that you get from a tokenized asset versus a non-tokenized asset is so significant,” he said.
Collins added that once assets can move globally without middlemen, the returns also improve. This is why both centralized and decentralized platforms are converging on tokenized products that combine the advantages of old financial systems with new blockchain efficiencies.
Risks Remain in Going Fully On-chain
While bullish on the future, Collins acknowledged that the transition comes with risks. Weak points in blockchain bridges, smart contracts and wallets still pose challenges. Hacks and social engineering attacks continue to test security, although he noted that safeguards are improving.
He said users will face trade-offs just as they do in traditional banking. Some will prefer the complexity of managing funds themselves, while others will opt for trusted custodians. Over time, he predicted that both models will become more robust, offering people the freedom to choose their preferred balance of control and convenience.
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