Tether co-founder Reeve Collins believes the future of money lies entirely on blockchain rails.
Speaking at Token2049 in Singapore, Collins made a bold prediction that by 2030, every form of currency, whether dollars, euros, or yen, will exist as stablecoins, marking a seismic shift in global finance as traditional money becomes fully digitized.
“All currency will be a stablecoin. So even fiat currency will be a stablecoin. It’ll just be called dollars, euros, or yen,” he said. “A stablecoin simply is a dollar, euro, yen, or traditional currency running on a blockchain rail.”
He argued that stablecoins are set to become the primary method of transferring money within the next five years, given their efficiency and growing adoption in both crypto and traditional finance.
Collins further noted that the benefits of tokenized assets are now too compelling for traditional finance to ignore. “Probably before that, because you’re still going to use dollars. But it depends on what your definition of stablecoin is. The definition of stablecoin is essentially that you’re moving money on a blockchain,” he added.
The Tether CEO emphasized that the most significant boost for the industry came this year from the U.S. government’s positive shift in stance toward crypto. He described it as the best thing that could have happened for the sector, opening the “floodgates” for traditional financial institutions to enter.
“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,” he said.
Also, recall that in a landmark deal, the U.S legislation passed the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins) that establishes the first comprehensive federal regulatory framework for payment stablecoins in the United States.
The Act, by giving stablecoins a defined legal status and oversight, provides regulatory certainty that many in the crypto industry have long sought. By favoring U.S.-based, regulated issuers, the Act is expected to encourage stablecoin activity to shift to the U.S., and it mandates backing by U.S. Treasuries/dollars, potentially increasing demand for U.S. debt.
Meanwhile, while bullish on blockchain finance, the Tether CEO also highlighted the risks tied to this transformation, including vulnerabilities in blockchain bridges, smart contracts, and crypto wallets. He pointed to crypto hacks and social engineering as ongoing challenges, though he acknowledged that overall security continues to improve.
Stablecoin Market Hits Record $300 Billion
Collins’ remarks come at a time when the stablecoin sector is breaking records. According to DeFiLlama, the total market capitalization of stablecoins recently surpassed $301 billion, a new all-time high after climbing 6.5% in the last 30 days.
Tether’s USDT remains the dominant player, commanding a 58% market share with a capitalization of $176.3 billion, up from $173 billion just days earlier.
Stablecoins have become indispensable to the crypto ecosystem, serving as a haven during volatility, a medium for trading and payments, and a backbone for DeFi and cross-border transactions. Their supply is often seen as a key indicator of liquidity flowing into digital assets.
The sector’s growth continues to accelerate, with stablecoins recording a 20% expansion in Q3 2025, outpacing many traditional asset classes. Much of this momentum is being fueled by institutional adoption and policy support.
Notably, this surge aligns with a broader rebound in crypto markets, where Bitcoin and Ethereum delivered double-digit gains in Q3, drawing renewed investor interest.
As Collins envisions it, the coming years may see finance fully migrate onto blockchain rails, with stablecoins at the heart of the shift effectively turning all money into digital money.
