Stablecoin to move beyond trading in 2025, Dragonfly Capital exec predicts

Haseeb Kureshi of Dragonfly Capital predicts that 2025 could be a turning point in stablecoin adoption as banks prepare to issue stablecoins for payments.

According to Haseeb Kureshi, managing partner of Dragonfly Capital, stablecoins will revolutionize small and medium-sized business payments in 2025, moving from trading and speculation to real-world use cases such as instant payments.

In a post published on X on January 1, Haseeb Kureshi shared several predictions for 2025, highlighting a promising future for stablecoins. He suggested that regulatory clarity could pave the way for the US to introduce bank-issued stablecoins by the end of the year. Still, the Dragonfly Capital managing partner predicts there will be no major disruptions for established issuers like Tether (USDT), which he believes will maintain its dominance “especially with [Howard] Lutnick was appointed Secretary of Commerce.”

My 2025 Crypto Predictions

I’m going to look either a prophet or a fool with these predictions, but one thing is for sure: I’m going to piss off a lot of people with the bags.

I’m splitting this into six sections: my predictions for L1s/L2s, token launches, stablecoins,…

— Haseeb ＞|＜ (@hosseeb) January 1, 2025

According to Qureshi, stablecoins will reshape the way SMEs conduct transactions and highlight their efficiency and accessibility that will surpass traditional payment systems. And he is not alone in his perspective. Citi Wealth strategists emphasized in a recent research report that stablecoins could “strengthen the dominance of the US dollar,” adding that activity has reached record levels in the first quarter of 2024, with a value of $5.5 trillion.

Californian venture capital firm Pantera Capital also calls stablecoins a “trillion-dollar opportunity,” highlighting that these assets currently account for more than 50% of blockchain transactions; this rate was only 3% in 2020.

Qureshi predicts major changes in the crypto space beyond stablecoins. He predicts that the lines between layer 1 and layer 2 networks will blur as the industry moves towards faster, more responsive systems. Tokenomics, meanwhile, may see a move away from large airdrops towards utility-focused rewards. Additionally, he notes a brief rise of AI-focused influencers and “AI agent” coins, but expects a backlash as users re-embrace human-centered approaches.