Visa, Mastercard, and the UAE Embrace Stablecoin Revolution

Stablecoin adoption is surging, surpassing Visa’s weekly transaction volume as companies like Stripe and Mastercard drive global expansion. The UAE is spearheading this growth with a dirham-backed token and substantial crypto investments, positioning itself as a leading force in the stablecoin market. Chamath Palihapitiya predicts dollar-denominated stablecoins will dominate financial landscapes by 2025 due to wider regulatory and institutional alignment.