{"id":24269,"date":"2025-04-29T09:06:05","date_gmt":"2025-04-29T09:06:05","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=24269"},"modified":"2025-04-29T09:06:05","modified_gmt":"2025-04-29T09:06:05","slug":"chamath-palihapitiya-says-stablecoins-are-cryptos-second-killer-app-after-bitcoin-as-volumes-surpass-visa","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=24269","title":{"rendered":"Chamath Palihapitiya Says Stablecoins Are Crypto&#8217;s &#8216;Second Killer App&#8217; After Bitcoin, As Volumes Surpass Visa"},"content":{"rendered":"<div>\n<p>Tech investor\u00a0<strong>Chamath Palihapitiya<\/strong>\u00a0highlighted the rising dominance of stablecoins in the global financial system Tuesday, deeming them one of the hottest cryptocurrency narratives besides <strong>Bitcoin<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>).<\/p>\n<p><strong>What Happened<\/strong>: As part of his deep dive into the stablecoin market, Palihapitiya noted that stablecoins\u2019\u00a0weekly transaction volumes have exceeded that of <strong>Visa Inc. <\/strong>(NYSE:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/V#NYSE\">V<\/a>).<\/p>\n<p>These findings were corroborated by a recent report by asset management firm <strong>Bitwise<\/strong>, which <a href=\"https:\/\/s3.us-east-1.amazonaws.com\/static.bitwiseinvestments.com\/Research\/Bitwise-Crypto-Market-Review-Q1-2025.pdf\">showed <\/a>stablecoin transaction volumes overtaking the payments giant by 2024. In 2020, stablecoin volumes were 11% of total VISA volumes.<\/p>\n<p>The dominance led Palihapitiya to call dollar-backed stablecoins, including <strong>Tether <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/\">USDT<\/a>) and <strong>USD Coin<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/\">USDC<\/a>), the \u201csecond killer app\u201d in the cryptocurrency space, next to Bitcoin.<\/p>\n<p><figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><\/p>\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Deep Dive: A Primer on Stablecoins<\/p>\n<p>Last year, Visa announced the launch &#8230;<\/p>\n<\/blockquote>\n<\/div>\n<\/figure>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/04\/45060051\/chamath-palihapitiya-says-stablecoins-are-cryptos-second-killer-app-after-bitcoin-as-volum\" alt=\"Chamath\" palihapitiya says stablecoins are crypto killer app after bitcoin as volumes surpass visa>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Tech investor\u00a0Chamath Palihapitiya\u00a0highlighted the rising dominance of stablecoins in the global financial system Tuesday, deeming them one of the hottest cryptocurrency narratives besides Bitcoin (CRYPTO: BTC). What Happened: As part of his deep dive into the stablecoin market, Palihapitiya noted that stablecoins\u2019\u00a0weekly transaction volumes have exceeded that of Visa Inc. (NYSE:V). These findings were corroborated [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-24269","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24269","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24269"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24269\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}