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).