All currencies will be stablecoins by 2030: Tether co-founder

Tether co-founder Reeve Collins predicts that by 2030, all forms of currency, including fiat like dollars and euros, will be represented as stablecoins on the blockchain. He stated that a stablecoin essentially involves traditional currencies operating on blockchain technology. Collins emphasized that the benefits of tokenized assets are compelling enough to shift the financial industry toward this model, expecting stablecoins to become the primary method for money transfers. Furthermore, he believes that regulatory shifts in the U.S. have opened the floodgates for traditional finance to engage in the crypto sector, where many institutions now aspire to create their own stablecoins for enhanced transactional efficacy. However, he acknowledged potential risks such as blockchain security concerns and the technical complexities of fully controlling digital assets. Despite these challenges, Collins reported that the overall security within the crypto space is improving, allowing for a more robust range of custodial options for users.

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