Reeve Collins: stablecoins are no longer experiments, but the core layer of financial infrastructure.
In the mainstream financial community, there is widespread questioning whether stablecoins will have a future. Reeve Collins participated in the co-founding of Tether. Today, he is about to serve as chairman of ReserveOne and co-founder of STBL and WeFi.
When seeing JPMorgan Chase, PayPal and several sovereign governments issue their own stablecoins, Collins said that the industry has ended years of debate. "If anything, it's that the industry has received the strongest recognition," he said in an exclusive interview."Stabiloins are no longer experimental products. They are becoming the core layer of financial infrastructure."
The turning point that changes everything
Collins clearly divides the past and future of stablecoins. Early versions simply digitalized the dollar. And he believes that the next generation of stablecoins will rethink how value flows throughout the financial system. "Money is becoming programmable," he said."It can move around the clock, settle in seconds, interact directly with software, and become part of the internet-native financial system."
Today, the trading volume of stablecoins is comparable to that of some of the world's largest payment networks. Collins acknowledged this as an important milestone, but also cautioned: "It's an important milestone, but it's just the beginning. The real change is happening when companies no longer see blockchain as a stand-alone technology, but instead begin to expect money to flow seamlessly like information today."
The focus of his work at STBL is to decouple the stability function of money from the economic value generated by the underlying assets, allowing users to access the benefits created by the assets they help bring into the chain, rather than just holding the equivalent value of digital dollars.
About the Bitcoin Bear Market
Collins was outspoken when asked about the current price situation of Bitcoin-a drop of more than 40% from the historical high, extreme market sentiment, and negative demand for more than 200 consecutive days. "The market cycle is part of every emerging technology," he said."Each cycle clears speculation and strengthens the underlying infrastructure."
His judgment is that the current market's foundation is much more solid than in previous cycles. Clearer regulation, institutional participation and real-world applications that did not exist before have changed the meaning of a bear market to the industry. "For stablecoins, adoption does not depend on whether the market is up or down," Collins said."Their value comes from practicality-payments, settlement, money management and global financial access. This is the defining feature of infrastructure. It will continue to operate regardless of the market environment."
Institutional admission
Collins said that two years ago, every conversation with an institution began with a single question: "Why blockchain?" Today, this issue has completely changed. "The question now is: How do we implement it?" He pointed out,"This is a fundamental shift."
BlackRock, Fidelity Investments and Franklin Templeton are all actively deploying stablecoins. The clarity of regulation has accelerated their actions. Collins believes this marks a more subtle but important stage for blockchain-embedding financial infrastructure, just as the Internet ultimately embedded in business. "The future of finance will not be defined by whether an asset is up or down the chain," he said."It will be defined by which infrastructure creates the most value."

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