All Currencies Will Be Stablecoins By 2030: Tether Co-Founder

Authored by Brian Quarmby via CoinTelegraph.cvom,

Tether co-founder Reeve Collins expects “all currency” to become stablecoins by 2030 as part of a broader shift that will see all forms of finance go onchain. 

“All currency will be a stablecoin. So even fiat currency will be a stablecoin. It’ll just be called dollars, euros, or yen,” said Collins in a wide-ranging interview during Token2049 in Singapore. 

“A stablecoin simply is a dollar, euro, yen, or, you know, a traditional currency running on a blockchain rail by 2030,” he added. 

Collins argues that stablecoins will be the primary method for transferring money within the next five years, as the benefits of tokenized assets have become too compelling for traditional finance to ignore.

“Probably before that, because you’re still going to use dollars. But it depends on what your definition of stablecoin is. The definition of stablecoin is essentially that you’re moving money on a blockchain,” he added. 

US crypto shift was the best thing to happen

Collins said that the best thing to ever happen to the crypto market was the positive “shift in stance” toward the sector by the US government this year.

Tether co-founder Reeve Collins. Source: Cointelegraph.

He argued that many large TradFi firms were too afraid to enter the industry out of fear of government scrutiny, and while there is still some gray area surrounding the industry, it’s a very different ball game these days.

The Tether co-founder stated that this shift has opened the “floodgates,” with the traditional finance world scrambling to enter the crypto sector and blockchain-based stablecoins being a key focus due to their inherent utility.
 
“Every large institution, every bank, everyone wants to create their own stablecoin, because it’s lucrative and it’s just a better way to transact. And so those floodgates are open, and what it’s going to lead to is that soon, there won’t be CeFi and DeFi,” he said.

“There’ll be applications that do things, move money, give loans, do investments, and it will be a mix of the kind of the old, traditional style investments, and then the DeFi types of investments.”

The tokenization narrative is strong

Collins said tokenized assets offer far greater transparency and efficiency than non-tokenized assets — given that they can be moved quickly across the globe without middlemen — which in turn offers more potential upside.

“That is why the tokenization narrative is so big, because everyone realizes the increase in the utility that you get from a tokenized asset versus a non-tokenized asset is so significant that even the same two assets, just once they’re moved onchain, since the utility increases, that means the return increases.” 

Downsides of going fully onchain

However, Collins acknowledged there were also risks to such a monumental shift in global finance, such as the security of blockchain bridges, smart contracts and crypto wallets.

Crypto hacks and social engineering are also key issues that need to be addressed, he said, though he emphasized that overall levels of security are “improving.”

“And so the old trade off is still going to remain there… which is if you want to be fully in control … you can do that, but it’s technically complex,” said Collins.

“If you want to trust a third party like you do traditionally with banks, there are a lot of those services like the custodial versus non-custodial, so that those services will get more robust, and people will have more options moving forward. So yes, there are always risks in technology,” he concluded. 

Tyler Durden Sat, 10/04/2025 - 09:20

Norway Oversees New Drone Base For Ukraine Established In Poland 

Polish Defense Minister Wladyslaw Kosiniak-Kamysz has newly announced the opening of a Norwegian-led training center for Ukrainian soldiers in southeastern Poland.

The newly constructed Camp Jomsborg is a project overseen by Norway’s Brigade Nord in the town of Lipa. It is capable of housing up to 1,200 troops at a time and is expected to focus on "developing drone capabilities" at a moment EU officials are advancing plans for a collective 'drone wall' defense network in eastern Europe.

Norway's defense minister. Source: High North News

"This is not a one-way street. An important element is that we will draw on Ukrainian experience. Right next to us is a drone launch strip," Kosiniak-Kamysz said.

Norway’s defense ministry has already confirmed that training has begun there, with Norwegian and Estonian instructors in charge of a "three-figure number" Ukrainian troops.

A statement previewed further that once the camp reaches full capacity, it will be able to "train several thousand soldiers".

W jednostkach wojskowych powstają ośrodki szkolenia z wykorzystania bezzałogowych statków powietrznych. Programy realizowane m. in. w ośrodku VESTA 1. Warszawskiej Brygady Pancernej i ośrodku ZJAWA 15. Brygady Zmechanizowanej są na bieżąco aktualizowane w oparciu o doświadczenia… pic.twitter.com/nV9t2sURiu

— Władysław Kosiniak-Kamysz (@KosiniakKamysz) October 3, 2025

Citing Norwegian Defense Minister Tore O. Sandvik, regional source Notes from Poland details:

The programme covers both basic training and advanced courses for officers and specialists. Norway has so far allocated 10 billion kroner (€860 million) to Operation Legio, covering equipment, camp construction and training. Other Nordic and Baltic countries are also contributing, with total donations sufficient to equip two brigades.

“Our concept is that Ukrainian needs are the driving force,” said Sandvik. “Their need is for both soldiers and equipment to strengthen existing units.”

Norway is a founding member of NATO, but also demonstrates that Scandinavian countries have risked conflict and tensions with Russia while bolstering the alliance in the context of the Ukraine war.

Currently, northern European countries like Denmark claim to be experiencing an unusually high number of 'mystery' drone incursions, which they blame on Russia. This is all being used as justification to ramp up war-readiness and expanding defense budgets.

Source: Forsvaret

It is also being used to justify continued build-up of NATO military infrastructure on the 'eastern flank' and right up to Russia's doorstep, which itself has remained a rationale for the 'special military operation' from Moscow's perspective.

Tyler Durden Sat, 10/04/2025 - 08:45

Re-Evaluating Russia's Special Operation In Light Of The Valdai Club's Startling Insight

Authored by Andrew Korybko via Substack,

The Valdai Club, which is Russia’s premier think tank and elite networking platform at whose annual meetings Putin participates, shared some startling insight into “the changing purpose of wars”. It was included in the eponymous section of their report titled “Dr. Chaos or: How to Stop Worrying and Love the Disorder”, which was written by Oleg Barabanov, Anton Bespalov, Timofei Bordachev, Fyodor Lukyanov, Andrey Sushentsov, and Ivan Timofeev. They’re all regarded as Russia’s top policy influencers.

They wrote on page 25 that “Russia would not risk its own socioeconomic stability for a decisive victory in a military conflict. One exception is direct full-scale aggression, but the probability of such an action against a nuclear superpower is close to zero…Perhaps the purpose of wars has changed. The contemporary objective may no longer lie in victories – wherein one party achieves all its goals – but rather in maintaining a balance necessary for a period of relative peaceful development.”

This startling insight prompts a re-evaluation of the special operation, which has been going on for over 3,5 years, in no small part due to Putin’s restraint in not waging a US-inspired “shock-and-awe” campaign at the cost of Iraqi-like civilian casualties among what he believes to be the fraternal Ukrainian people.

In light of what Russia’s top policy influencers just revealed, however, a complementary reason might be his trusted policy advisors’ reluctance to risk their country’s “socioeconomic stability for a decisive victory”.

It can only be speculated what form this could take if Putin abandoned his restraint by ordering the bombing of bridges across the Dnieper, the total destruction of all major Ukrainian power plants, and/or targeting political sites like the Rada. Nevertheless, the salience rests in the Valdai Club’s implied assessment that pursuing “a decisive victory in a military conflict” presumably like the present one could lead to such risks, thus further contextualizing why this hasn’t yet happened and might never will.

More insight followed on page 26. According to the authors, “The current system is not excessively unfair to any of the major players; in other words, it is not so flawed as to require revolutionary solutions. The world has experienced numerous social and political upheavals on its path to self-awareness, learning to manage nature and control the most destructive socio-political processes. This capability has now reached a significantly high level.”

Moreover, “It appears that the era of grand ideas, overarching theories, comprehensive programmes, and great expectations is over…national plans – even the most ambitious – are based on existing opportunities and realistic, accessible means of expanding them; they do not require a fundamental restructuring of the global order.” This suggests Russia’s satisfaction with the multipolar gains since 2022 and its reluctance to risk their reversal through a “decisive victory” that might destabilize this new order.

To be clear, the Valdai Club only represents one of Russia’s policymaking factions and their insight might not accurately reflect Putin’s calculations, which could always change in any case. Even so, it does indeed explain Russia’s willingness to compromise with the US, ideally with the aim of reforming the European security architecture as the grand strategic outcome of this conflict. Trump thinks that he can coerce Russia into concessions, however, which risks unleashing the chaos that Putin’s restraint seeks to avoid.

Tyler Durden Sat, 10/04/2025 - 07:00