Tether co-founder Reeve Collins expects all currency to exist as #stablecoins by 2030 as part of a broader shift moving finance on-chain. He stated that even fiat currencies like dollars, euros, and yen will operate on blockchain rails within five years.
Collins explained that a stablecoin simply represents traditional currency running on blockchain infrastructure. The definition centers on moving money through #blockchain technology rather than any specific technical implementation.
The co-founder argues stablecoins will become the primary money transfer method before 2030. Benefits of tokenized assets have grown too compelling for traditional finance institutions to ignore any longer.
Collins identified the U.S. government's positive stance shift toward crypto this year as the best development for the market. Many large traditional finance firms previously feared entering the industry due to potential government scrutiny.
The regulatory clarity has opened floodgates, with traditional finance scrambling to enter the crypto sector. Every large institution and bank wants to create their own stablecoin because of the lucrative nature and superior transaction capabilities.
Collins predicts that the distinction between centralized and decentralized finance will disappear. Applications will simply move money, provide loans, and manage investments through a mix of traditional and DeFi-style approaches.
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