Per Woofun AI, Tether co-founder Reeve Collins asserts that the stablecoin sector is transitioning into a '2.0 era' characterized by shared reserve earnings. He critiques the legacy 1.0 model, where users provide capital but receive no yield from underlying assets, arguing that future infrastructure must distribute these returns to remain competitive.

Collins projects that financial services will become invisible infrastructure, with AI agents selecting ecosystems based on user interests rather than brand loyalty. While maintaining a long-term position in Bitcoin, he warns that dollar-pegged stablecoins remain extensions of the U.S. financial system, exposing them to regulatory reach unlike the programmable nature of central bank digital currencies.