Tether co-founder Reeve Collins predicts that by 2030, every form of money — from dollars to euros and yen — will exist as stablecoins on blockchain rails. Speaking at Token2049 in Singapore, Collins emphasized that the future of finance will be fully onchain.
Stablecoins as the Future of Money
Collins believes stablecoins will soon replace traditional money transfers, with blockchain offering faster, cheaper, and more transparent rails for moving value.
“All currency will be a stablecoin. Even fiat currencies like dollars or euros will exist as stablecoins, just running on blockchain,” Collins explained.
He added that the shift could happen sooner than 2030, depending on how stablecoins are defined: “The definition of a stablecoin is essentially money moving on a blockchain.”
US Policy Shift Opened the Floodgates
According to Collins, the biggest boost for crypto adoption came from a positive shift in US government policy toward digital assets this year.
He argued that many traditional finance (TradFi) firms had been hesitant due to regulatory uncertainty. With a friendlier environment, however, banks and institutions are rushing into blockchain.
“Every large institution, every bank, everyone wants to create their own stablecoin because it’s lucrative and a better way to transact,” said Collins. “Those floodgates are open, and soon, there won’t be CeFi versus DeFi — just applications that move money, issue loans, and enable investments.”
Tokenization Narrative Gains Strength
Collins highlighted tokenization as one of the most powerful trends in blockchain. Tokenized assets, he explained, provide faster settlement, more transparency, and higher efficiency compared to traditional systems.
“The utility you get from a tokenized asset versus a non-tokenized one is so significant that returns increase once they’re moved onchain,” Collins noted.
Risks of a Fully Onchain Economy
Despite his optimism, Collins acknowledged risks tied to going fully onchain. Vulnerabilities in blockchain bridges, smart contracts, and crypto wallets remain pressing concerns.
“Crypto hacks and social engineering are still issues, but overall security is improving,” he said. Collins added that users will always face a trade-off between full self-custody and trusting third-party services, similar to today’s banking model.
The Road to 2030
While challenges remain, Collins sees the rise of stablecoins and tokenized assets as inevitable. With institutional adoption accelerating and governments warming to blockchain, the path toward a fully onchain financial system is already being built.
