Tether Co-founder: Stablecoins Will Enter the 2.0 Era, Users Should Share in Reserve Yields in the Future

Odaily Odaily reports that Tether co-founder Reeve Collins stated that the stablecoin industry is ushering in a "2.0 era." He noted that the current stablecoin infrastructure still has structural issues, and next-generation solutions need to address the problem of users being unable to access yields from reserve assets. The core logic of the stablecoin 1.0 model is "users provide $1, the issuer issues 1 token," but users only gain the convenience of payments and transfers without sharing in the reserve yields. In the future, financial services will gradually become infrastructure, and "users won't care which bank sends the funds." Meanwhile, AI agents might select different financial ecosystems based on user interests. The next phase of competition in the stablecoin space will revolve around financial infrastructure and yield distribution models.

Regarding regulatory issues, Reeve Collins disclosed that he still holds Bitcoin for the long term. He also pointed out that dollar stablecoins are essentially an extension of the U.S. financial system, carrying risks related to regulatory reach. Furthermore, they differ from the central bank digital currency (CBDC) model, which may bring stronger programmability and financial surveillance capabilities. (Financefeeds)