Tether co-founder Reeve Collins has predicted that by 2030, traditional currencies like dollars and euros will predominantly exist as blockchain-based stablecoins. Speaking at the Token2049 event in Singapore, Collins highlighted the advantages of stablecoins, including their speed, transparency, and composability, which make them ideal for cross-border transfers and institutional settlements. Collins noted that regulatory clarity and growing institutional interest are driving the tokenization of currencies, despite ongoing security challenges such as bridge vulnerabilities and smart contract risks. Financial institutions are actively exploring tokenized currencies to enhance efficiency and create new revenue opportunities.