As banks prepare to issue stablecoins for payments, 2025 could mark a turning point for stablecoin adoption, predicts Haseeb Qureshi of Dragonfly Capital.
According to Haseeb Qureshi, managing partner of Dragonfly Capital, stablecoins will revolutionize payments for small and medium-sized businesses in 2025, moving from trading and speculation to real-world use cases such as instant settlement.
In a Jan. 1 post on He suggested that regulatory clarity could pave the way for the U.S. to launch bank-issued stablecoins by year’s end. Still, Dragonfly Capital’s managing partner doesn’t anticipate major disruption for established issuers like Tether (USDT), which he believes will maintain their dominance “particularly with.” [Howard] Lutnick as Secretary of Commerce.”
According to Qureshi, stablecoins will reshape the way SMEs transact, highlighting their efficiency and accessibility to surpass traditional payment systems. And he is not alone with his attitude. Citi Wealth strategists highlighted in a recent research report that stablecoins “could end up strengthening the U.S. dollar’s dominance,” adding that activity has reached record highs across Europe with $5.5 trillion in value. ..
