Binance CEO Richard Teng: Stablecoins' Daily Trading Volume Surpasses Visa Binance CEO Richard Teng delivered a keynote speech at Binance Blockchain Week held in the UAE this December. He pointed out that stablecoins have become the 'killer app' in the crypto space: their market cap and user base have both grown by 50%, with 130 million holders. Teng emphasized that, thanks to improved global regulatory clarity, stablecoins are rapidly becoming part of the global financial infrastructure, with their daily trading volume in 2024 already surpassing Visa. Source: Binance Blockchain Week