According to FinanceFeeds, Tether co-founder Reeve Collins stated that the stablecoin industry is entering a 2.0 era, where next-generation solutions must address the issue of users not receiving yields from reserve assets. The core logic of stablecoin 1.0 is to issue one token for every dollar provided by the user, but users do not share in the reserve yields. In the future, financial services will become infrastructure, and AI agents may select financial ecosystems based on user interests; competition among stablecoins will center on financial infrastructure and yield distribution. Reeve Collins noted that USD-backed stablecoins are essentially an extension of the U.S. financial system, posing regulatory exposure risks, and differ from central bank digital currencies (CBDCs).
Tether Co-Founder Predicts Stablecoin 2.0 Era with User-Shared Reserve Yields
AiCoinShare
Summary
Tether co-founder Reeve Collins told AiCoin that the stablecoin industry is entering a 2.0 era, where users must share in reserve yields. The 1.0 model provides $1 per token but offers no returns. Collins noted that stablecoins are an extension of the U.S. financial system and face regulatory risks, unlike CBDCs. On-chain news shows growing interest in yield-generating models. Federal Reserve developments could shape how these innovations evolve.
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