Billionaire Chamath Palihapitiya: Stablecoins will become a key tool for wholesale transactions by 2025
Social Capital CEO and billionaire Chamath Palihapitiya stated that the adoption of stablecoins will skyrocket in 2025, becoming a key tool for wholesale transactions. He pointed out that by 2024, the use of stablecoins will decouple from cryptocurrency trading, exceeding 1.1 billion transactions with a settlement amount reaching 8.5 trillion dollars,more than double Visa's transaction volume. Palihapitiya believes this growth will challenge the duopoly of Visa and Mastercard, especially as credit card interest rates rise. He also discussed regulatory issues, emphasizing that blockchain technology provides transparency and traceability for transactions. Last year, he predicted that Bitcoin would achieve mainstream adoption by 2024 (Bitcoin.com).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Barclays significantly increased holdings in Tesla (TSLA.US) and Intel (INTC.US) in Q3, and bought Nasdaq ETF options for hedging
According to disclosures by the U.S. Securities and Exchange Commission (SEC), Barclays has submitted its third-quarter holdings report (13F) as of September 30, 2026.
SNT Holdings, Related Party Raise Combined Stake in SNTEnergy to 55.75% From 52.75%
Cold wave and rising fuel costs drive electricity prices in northeastern Japan and Tokyo to a four-year high
Japan's spot electricity prices surged to multi-year highs over the weekend.
Google (GOOGL.US) warns that new Australian cybersecurity regulations may cut off minors' access to Gmail
Google stated that a new cybersecurity bill in Australia could prevent minors from using Gmail.
Crypto prices
More
