Tether Co-founder: Stablecoin 2.0 Era Requires Rethinking User Dollar Fund Distribution Mechanism

BlockBeats News, June 20th, Tether co-founder Reeve Collins stated that Tether holds the US dollar funds deposited by users and invests them in US Treasury bonds (currently yielding approximately 3%–4%), with all earnings being retained by Tether. While users benefit from global instant US dollar liquidity, they do not receive the interest generated by their assets.

This simple mechanism has made Tether a market leader but has also embedded a structural feature of "platform-centralized earnings." Collins believes that this is what needs to change in the era of Stablecoin 2.0.

Furthermore, Collins mentioned the need to differentiate between "investment" and "speculation," the importance of early entry into the AI infrastructure layer rather than attempting external application layer building, and the strategy of holding Bitcoin long term as a core allocation.