Chamath: Two Reasons Stablecoin Usage Will Surge in 2025
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I think the biggest business winner of 2025 are going to be dollar denominated stablecoins. In 2024, two critical things happened. The first is that stablecoins essentially

became uncoupled from crypto volatility, and it started to be used for wholesale useful functions in running businesses. Independent of crypto volatility, what you saw were stable coin usage just rising up and to the right.

The second, and this data is still just trickling in, but it's an incredible stat. 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. 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. I think you're going to see an innumerable number of use cases that sit and

and use stablecoin rails. When Donald Trump becomes president, I think you're going to see him go after incredibly high credit card transactions and costs. You're already seeing cracks in consumer credit anyways because of these high APRs. All of this stuff is going to come to a head in 2025. And I think stablecoins could quadruple or quintuple by the end of 2025. I think it's just going to be an enormous market.