Billionaire investor Stanley Druckenmiller believes that stablecoins and blockchain tokens could revolutionize global payments in the next decade. However, he remains unconvinced about the long-term ability of various cryptocurrencies, such as Bitcoin, to serve as reliable long-term stores of value in financial markets.

Druckenmiller shared the view in an interview with Morgan Stanley. The interview was recorded on January 30 and was published on Friday. According to him, there is no doubt that blockchain technology provides significant productivity benefits in the payments sector with the use of stablecoins and tokens.

Stanley Druckenmiller said that the efficiency of blockchain in payments is quite high. Stablecoin payments are quicker than the normal payment process. They may reduce the operational cost as well.

He believes that stablecoin could replace the current payment systems that are used by banks. He said that the current payment systems could be replaced by digital tokens. He expects that this could happen in 10 to 15 years.

Financial Firms Explore Blockchain Settlement

The blockchain settlement technology could bring improvements over the current systems. The main improvements are faster and cheaper transactions. The current financial systems could be replaced by the technology as the improvements become clearer.

Druckenmiller founded Duquesne Capital Management in 1981. The company had an average return of 30% per year. It closed in 2010. The company had no losing years during its operation.

The investor has talked about blockchain disruption in the past. In 2021, the investor said that decentralized systems could potentially disrupt financial systems that back the US dollar. He related it to the lack of trust in central banks.

Druckenmiller said the problem lies with global central banking policies. He pointed to Federal Reserve Chair Jerome Powell and other policymakers. He argued that public trust in central banks has weakened.

Adoption of stablecoins increased in recent times. The regulators and financial entities are considering blockchain-based settlement systems. These systems could enable faster payments and international transactions.

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Payment companies have already examined the technology. Western Union, MoneyGram, and Zelle have discussed stablecoin-based settlement system plans. The interest in the technology comes after the regulatory moves in the United States.

GENIUS Act Boosts Stablecoin Regulation and Adoption

Legislations are also helping to spur industry activity. The GENIUS Act was passed last year. The law specifically deals with regulations concerning stablecoins. 

The law intends to give a better understanding of rules regarding digital payment services. Firms are now exploring blockchain settlement infrastructure.

However, despite his positive views on blockchain payments, he also spoke negatively about Bitcoin. According to Druckenmiller, Bitcoin is “a solution looking for a problem.” He also added that he was disappointed by its adoption.

He recognized that Bitcoin has loyal users. However, he prefers gold as a store of value. According to Druckenmiller, gold is a “5,000-year-old brand.”

Stablecoin transactions are rising in all global markets. Bloomberg data compiled by Artemis Analytics indicate that there is a notable increase in transactions. 

The total transactions in terms of value in global stablecoins reached $33 trillion in 2025. This is a 72% increase from the previous year’s transactions.

USDC recorded the highest transactions in terms of value. The stablecoin processed $18.3 trillion in transactions. However, Tether’s USDT processed $13.3 trillion in transactions. However, it is still leading in terms of capitalization compared to other stablecoins at about $187 billion.

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