PANews reported on January 5 that according to News.bitcoin, Social Capital CEO Chamath Palihapitiya said that the adoption of stablecoins will soar in 2025 and become a key tool for wholesale transactions. He pointed out that the use of stablecoins will be decoupled from cryptocurrency transactions in 2024, with more than 1.1 billion transactions and a settlement amount of 8.5 trillion US dollars, more than twice Visa's transaction volume. Not only that, Chamath Palihapitiya also believes that this growth will challenge the duopoly of Visa and Mastercard, especially with rising credit card interest rates. He also talked about regulatory issues, emphasizing that blockchain technology provides transparency and traceability for transactions.