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 ( USDT ), 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.

Californian venture capital firm  Pantera Capital  also calls stablecoins a “trillion-dollar opportunity,” highlighting that these assets now account for over 50% of blockchain transactions, up from just 3% in 2020.

Beyond stablecoins, Qureshi envisions big shifts across the crypto space. He predicts the lines between layer-1 and layer-2 networks will blur as the industry pivots toward faster, more responsive systems. Meanwhile, tokenomics could see a move away from large airdrops toward utility-driven rewards. Additionally, he highlights a brief rise of AI-driven influencers and “AI agent” coins but expects backlash as users re-embrace human-centric approaches.