Stablecoin 2.0: Reeve Collins proposes sharing reserve yields with holders

Tether and Circle generated over $1.5 billion and $667.7 million respectively in reserve income during Q2 2026, with these profits currently retained by issuers rather than stablecoin holders. Tether co-founder Reeve Collins proposed a 'Stablecoin 2.0' model in a September 23 interview with Wu Blockchain, suggesting that reserve yields should be distributed to users through protocol-defined rules rather than remaining solely with the issuers.