Billionaire venture capitalist Chamath Palihapitiya thinks dollar-denominated stablecoins will be this year’s biggest business winners.
Palihapitiya says in a new episode of the All-In Podcast that stablecoins largely become uncoupled from the volatility of the crypto sector in 2024.
The venture capitalist also notes that businesses began using stablecoins for “wholesale, useful functions.”
“Stablecoin usage at the end of the second quarter of 2024 was about 1.1 billion transactions that summed to $8.5 trillion of transaction volume. If you compare that to Visa over the same period, it was more than double Visa’s transaction volume.
So I think what we have now is something that has fundamentally crossed a point of no return. Similar to how last year I thought that the big trend was going to be Bitcoin in 2024, I would say that the big trend in 2025 is stablecoin usage. I think that we’re finally going to attack the duopoly of Visa and Mastercard.”
Palihapitiya predicts that stablecoins will demonstrate numerous new use cases this year. He also thinks President-elect Donald Trump will “go after” credit card companies for high costs.
The Silicon Valley venture capitalist predicts that the stablecoin sector could “quadruple or quintuple” by the end of the year.
 
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