Stablecoins are emerging as the most practical use case in crypto, according to Binance CEO Richard Teng, who says their real-world adoption is now reshaping global payments.
Speaking during his keynote at Binance Blockchain Week in the UAE this December, Teng described stablecoins as the true “killer app” of the digital asset industry.
He pointed to rapid growth across both usage and adoption metrics, noting that the sector has reached a scale that few anticipated just a few years ago.
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
Teng said the market capitalization and user base of stablecoins have each expanded by roughly 50%, with the total number of holders climbing to around 130 million. That growth, he argued, reflects increasing demand for blockchain-based money that offers price stability while maintaining global accessibility.
According to Teng, regulatory clarity has played a central role in accelerating this trend. As rules around digital assets become more defined across major jurisdictions, stablecoins are increasingly being integrated into mainstream financial activity rather than operating on the fringes of the system.
He highlighted that stablecoins are no longer a niche crypto product, but a foundational layer for payments, remittances, and settlement. Daily transaction volumes already reached a milestone in 2024, surpassing those processed by Visa, one of the world’s largest payment networks.
Teng framed this shift as a turning point for financial infrastructure. With stablecoins now handling volumes comparable to traditional payment giants, he suggested they are becoming a core component of how value moves globally, particularly in regions where access to conventional banking remains limited.
The comments underscore how stablecoins have moved from speculative tools to functional financial instruments, positioning them at the center of crypto’s next phase of adoption.
