Reeve Collins: Stablecoins Will Enter the 2.0 Era, Users Should Share Reserve Yields in the Future

According to FinanceFeeds, Reeve Collins, co-founder of Tether, stated that the stablecoin industry is entering the 2.0 era, and the next generation of solutions must address the issue of users being unable to obtain yield from reserve assets. The core logic of the stablecoin 1.0 model is that the issuer provides $1 to the user and issues 1 token, but users do not share in the yield from reserves. In the future, financial services will become infrastructure, and AI agents may choose financial ecosystems based on users' interests, with stablecoin competition focusing on financial infrastructure and income distribution. Reeve Collins pointed out that US dollar stablecoins are essentially an extension of the US financial system, which poses regulatory reach risks and differs from central bank digital currencies (CBDCs).