Billionaire enterprise capitalist Chamath Palihapitiya thinks dollar-denominated stablecoins will probably be this yr’s greatest enterprise winners.
Palihapitiya says in a brand new episode of the All-In Podcast that stablecoins largely change into uncoupled from the volatility of the crypto sector in 2024.
The enterprise capitalist additionally notes that companies started utilizing stablecoins for “wholesale, helpful capabilities.”
“Stablecoin utilization on the finish of the second quarter of 2024 was about 1.1 billion transactions that summed to $8.5 trillion of transaction quantity. For those who examine that to Visa over the identical interval, it was greater than double Visa’s transaction quantity.
So I believe what now we have now’s one thing that has basically crossed some extent of no return. Much like how final yr I assumed that the massive development was going to be Bitcoin in 2024, I’d say that the massive development in 2025 is stablecoin utilization. I believe that we’re lastly going to assault the duopoly of Visa and Mastercard.”
Palihapitiya predicts that stablecoins will show quite a few new use circumstances this yr. He additionally thinks President-elect Donald Trump will “go after” bank card firms for top prices.
The Silicon Valley enterprise capitalist predicts that the stablecoin sector might “quadruple or quintuple” by the tip of the yr.
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