Chamath Palihapitiya, CEO of VC firm Social Capital, believes that stablecoin adoption will become mainstream by 2025, surpassing Visa and Mastercard in the process. He predicts that stablecoin usage has reached a "point of no return" and is decoupling from cryptocurrency trading. Palihapitiya also mentions that stablecoin companies could benefit from President-Elect Trump's anticipated battle against high credit card rates. He addresses concerns about regulation and standardization, noting that blockchain provides immutable logs to track transactions tied to different addresses. Last year, Palihapitiya also predicted that 2024 would be the year of mainstream adoption for Bitcoin.
- Content Editor ( news.bitcoin.com )
- 2025-01-05
VC Chamath Palihapitiya Predicts Stablecoin Adoption Will Challenge Visa’s and Mastercard’s Duopoly in 2025