Billionaire Chamath Palihapitiya: Stablecoins will become a key tool for wholesale trading by 2025

ChainCatcher news, Social Capital CEO billionaire Chamath Palihapitiya stated that the adoption of stablecoins will soar in 2025, becoming a key tool for wholesale transactions. He pointed out that by 2024, the use of stablecoins will decouple from cryptocurrency trading, with over 1.1 billion transactions and a settlement amount of $8.5 trillion, more than double Visa's transaction volume.

Palihapitiya believes this growth will challenge the duopoly of Visa and Mastercard, especially in the context of rising credit card rates. 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 in 2024.