Stablecoin to move beyond trading in 2025, Dragonfly Capital exec predicts
As banks gear up to issue stablecoins for payments, 2025 could mark a turning point for stablecoin adoption, Dragonfly Capital’s Haseeb Qureshi predicts.
Stablecoins are set to revolutionize small and medium-sized business payments in 2025, shifting from trading and speculation to enabling real-world use cases like instant settlement, according to Dragonfly Capital’s managing partner Haseeb Qureshi.
In a Jan. 1 post on X, Haseeb Qureshi shared several predictions for 2025, highlighting a promising future for stablecoins. He suggested that regulatory clarity could pave the way for the U.S. to introduce bank-issued stablecoins by year-end. Still, the Dragonfly Capital managing partner anticipates no major disruptions for established issuers like Tether Tether
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Tether, which he believes will retain their dominance “especially with [Howard] Lutnick as Secretary of Commerce.”
According to Qureshi, stablecoins will reshape how SMBs handle transactions, pointing out their efficiency and accessibility to outpace traditional payment systems. And he’s not alone in his outlook. Citi Wealth strategists emphasized in a recent research report that stablecoins “could end up reinforcing the U.S. dollar’s dominance,” adding further that activity has reached record highs, with $5.5 trillion in value across Q1 2024.