Chamath Palihapitiya, a Silicon Valley venture capitalist and CEO of the VC firm Social Capital, believes that stablecoin adoption will grow to become one of the biggest business winners this year.

As part of his participation in the latest edition of the All-In podcast, Palihapitiya predicted that stablecoin adoption will surge in 2025, becoming a mainstream tool for wholesale transactions in the business sector.

Palihapitiya stated that 2024 was the year when stablecoin usage decoupled from cryptocurrency trading, highlighting several use cases unrelated to crypto speculation.

He also remarked that by Q2 2024, over 1.1 billion stablecoin transactions had been processed, settling over $8.5 trillion. This is more than double the volume processed by credit giant Visa during the same period.

He declared:

I think what we have now is something that has fundamentally crossed a point of no return. I think we’re going to finally attack the duopoly of Visa and Mastercard.

Palihapitiya linked this upcoming change to the battle against high credit card rates that he believes President Trump’s administration will wage. Out of this situation, he predicted that stablecoin companies might benefit, quadrupling or even quintupling these volumes by this year’s end.

The issues of regulation and standardization of stablecoins were also touched on. When asked about the Congress’ attack on stablecoins for their supposed use in terrorism, sanctions sidestepping, and human trafficking, he noted that blockchain provided immutable logs that identified and tied these transactions to different addresses.

“I think the knowledge is there and there are a whole bunch of third-party services that add that intelligence layer,” he concluded.

Last year Palihapitiya predicted that 2024 would be the year when bitcoin would cross the chasm and enjoy mainstream adoption powered by the approval of exchange-traded fund tools, easing the entrance of institutions into the market.

Read more: VC Chamath Palihapitiya States Bitcoin Is Ready to Cross the Chasm in 2024

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