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

Tether’s co-founder Reeve Collins said all forms of money, including dollars and euros, will likely be represented on the blockchain within the next five years.

Tether co-founder Reeve Collins expects “all currency” to become stablecoins by 2030 as part of a broader shift that will see all forms of finance go onchain. 

“All currency will be a stablecoin. So even fiat currency will be a stablecoin. It’ll just be called dollars, euros, or yen,” said Collins in a wide-ranging interview during Token2049 in Singapore. 

“A stablecoin simply is a dollar, euro, yen, or, you know, a traditional currency running on a blockchain rail by 2030,” he added. 

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