“All currencies” will become stable, explains the co-founder of Tether

The co-founder of Tether, Reeve Collins, says that “any currency” will become stabbed by 2030 while traditional finance begins to move in chain.

“Any currency will be a stablecoin,” he said in an interview at the Token2049 conference in Singapore. “So even fiduciary currency will be a stablecoin,” he added. “He will just be called dollars, euros or yen.”

The advantages of token are too convincing for Tradfi to ignore

Collins argued that Stablecoins will become the method of choosing the transaction for anyone who wishes to send money over the next five years.

According to the co-founder of Tether, the advantages of token workers have become too convincing for companies in the traditional finance sector to ignore.

Among the advantages that tokenized assets have to offer is a much higher level of transparency and efficiency compared to assets that have not been tokénized on the blockchain, said Collins. These assets can be moved quickly without the need for middlemen, which offers more advantages than traditional assets.

“This is why the account of tokenization is so great, because everyone realizes that the increase in the utility that you get tokenized assets compared to an unknown asset is so important,” said Collins.

Us Crypto Embrace was a major catalyst for industry

Collins continued by stressing that the Pro-Crypto Donald Trump administration of digital assets was a major catalyst for industry.

Since entering the White House for a second term, US President Trump has held a number of his electoral promises to the cryptographic community.

He appointed longtime defenders of crypto in key regulatory stations. The president also created a White House working group for digital assets, which has sent a report of several pages to agencies, including the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) on how to better regulate cryptos.

Trump has also signed the Stablecoin Genius law, which establishes regulatory guidelines for stabing companies seeking to issue their token in the United States.

Before the Trump administration’s crypto administration, many large traditional financing companies were too afraid of entering the industry for fear of government exam, according to Collins.

Although there is still a gray area surrounding the crypto, the co-founder of Tether said that the “change of position” of the American government had opened the “valves”.

“Each great institution, each bank, everyone wants to create their own stablecoin, because it is lucrative and it’s just a better way to transform,” said Collins.

He then predicted that there will no longer be a gap between decentralized finance (DEFI) and centralized finance (CEFI).

“There will be applications that will do things, move money, grant loans, make investments, and it will be a mixture of the type of ancient and traditional style investments, then the types of DEFI investments,” he said.

The market capitalization of the stablescoin arrows while the large banks rush to launch stablecoins

The market capitalization of Stablescoin has been uphill since President Trump signed the law on engineering. Over the past seven days, the market capitalization of Stablescoin continued to increase. During this period, the capitalization of tokens increased by more than $ 5.808 billion to reach $ 301.596 billion, according to Defillama Data.

Stablecoin stock market cup (Source: Defillama))

The attachment always dominates the market. Data from Coinmarketcap Put the market capitalization of the token at more than 176.33 billion dollars. The largest stablecoin is the USD part of Circle (USDC), which has a capitalization of around 74.32 billion dollars.

While the capitalization of Stablecoins continues to increase, large American banks actively explore blockchain and Stablecoin technology. These include banks like Bank of America, Citigroup and others.

According to a reuters of July 16 reportThe CEO of Bank of America confirmed that the bank is actively working on the launch of a Stablecoin. Meanwhile, US high lenders such as Citigroup also explore the issuance of stables to adapt to the more user-friendly environment in the United States.

Wall Street JPMorgan Wall, on the other hand, already operates a token based on internal blockchain called JPM Coin. It is used for regulations in institutional contexts and is not available for the retail market.

In the related news, the Interban SWIFT interban messaging platform announced that it collaborated with the developer of the Ethereum Consensys ecosystem and 30 world banks to develop a big book based on blockchain.

💬 Everyone talks about the big book based on Swift’s blockchain…

During the debate on the big problem on Monday at Sibos 2025, Thierry Chilosi answered a key question about the announcement: why now?

“Today, financial institutions are considering new forms of value and means of evolving them. It is… pic.twitter.com/d6r43w2cpj

– Swift (@SwiftComMUNity) October 1, 2025

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