TL;DR
- Adoption Growth: Stablecoins have seen explosive expansion, with market capitalization and user base both rising by about 50%.
- Regulatory Clarity: Clearer rules across major jurisdictions are accelerating mainstream integration. Stablecoins are increasingly used for payments, remittances, and settlement.
- Transaction Milestone: In 2024, daily transaction volumes surpassed Visa’s, marking a historic turning point.
Stablecoins are rapidly becoming the most practical application of cryptocurrency, according to Binance CEO Richard Teng. Speaking at Binance Blockchain Week in the UAE this December, Teng emphasized that stablecoins have evolved into the true “killer app” of digital assets, reshaping how global payments are conducted. Their rise reflects a broader shift in financial infrastructure, where blockchain-based money is no longer speculative but increasingly functional.
Binance CEO Richard Teng: Stablecoin Daily Transaction Volume Surpasses Visa
During his keynote speech at the Binance Blockchain Week in the UAE this December, Binance CEO Richard Teng highlighted stablecoins as the "killer app" of the crypto space. He noted that both the market… pic.twitter.com/Ywx31MkPpj
— Wu Blockchain (@WuBlockchain) December 15, 2025
Adoption Metrics Signal Unprecedented Growth
Teng highlighted the sector’s remarkable expansion, noting that both market capitalization and user base have surged by roughly 50%. The number of holders has climbed to around 130 million, underscoring demand for blockchain money that combines price stability with global accessibility. This growth, he argued, was unimaginable just a few years ago and now positions stablecoins as a mainstream financial instrument rather than a niche product.
Regulatory Clarity Accelerates Integration
A key driver of this adoption, Teng explained, is regulatory clarity. As rules around digital assets become more defined across major jurisdictions, stablecoins are increasingly integrated into mainstream financial activity. Rather than operating on the fringes, they are now embedded in payments, remittances, and settlement processes. This regulatory support has transformed stablecoins from experimental tools into reliable components of financial systems.
Transaction Volumes Surpass Visa
One of the most striking milestones came in 2024, when daily transaction volumes surpassed those processed by Visa, one of the world’s largest payment networks. Teng framed this achievement as a turning point, demonstrating that blockchain-based money can rival traditional payment giants. The scale of these transactions signals that stablecoins are no longer secondary but central to how value moves globally.
A New Phase of Financial Infrastructure
Teng concluded that stablecoins are becoming a core layer of financial infrastructure, particularly in regions with limited access to conventional banking. Their ability to provide stability, accessibility, and efficiency positions them at the center of crypto’s next phase of adoption. What began as a speculative experiment has matured into a foundational tool for global payments, remittances, and settlements.
