Binance Blockchain Week 2025 opened today in Dubai with an energetic keynote by CEO Richard Teng, coinciding with the UAE’s 54th National Day and the launch of one of the most anticipated events in the digital-assets calendar. Teng highlighted the UAE’s flexibility, innovation and strategic vision as key reasons Binance continues to host major global events in the region. He spoke of his personal connection with the country, dating back a decade to his role in establishing Abu Dhabi Global Market as an international financial centre.
A significant part of Teng’s keynote focused on the rapid expansion of stablecoins, calling them one of the main applications of the crypto industry. He shared annual growth figures:
- Global stablecoin market capitalization soared nearly 50 percent
- The number of wallets holding stablecoins grew by 50 percent, reaching 130 million
- Daily stablecoin transaction volume surpassed Visa — a milestone unimaginable just a few years ago
- Stablecoin payments now exceed USD 10 billion daily, underscoring crypto’s evolution into a global financial infrastructure layer
Regulatory clarity, including recent progress in the United States, has been a primary catalyst for this adoption, Teng noted. He referenced emerging markets such as Bhutan, which launched the world’s first nationwide crypto-payments system via Binance Pay, as examples of forward-looking digital transformation.
Platform reaches 300 million users as institutional participation strengthens
Teng revealed that Binance now serves close to 300 million users worldwide, while the number of Binance Pay merchants jumped from 12,000 to nearly 21 million over the past year. The platform processed more than USD 272 billion in transactions through Binance Pay alone. He emphasized the need for greater institutional engagement, citing partnerships with BlackRock and Franklin Templeton as evidence of market maturation. User protection remains a core priority: Binance prevented almost USD 7 billion in potential fraud in 2025, safeguarding around 9 million users. For those who follow Dubai real estate news market trends, the platform’s milestones may also be notable indicators of increasing cross-sector digital confidence:
- Nearly 300 million global users
- Binance Pay merchants rising from 12,000 to 21 million
- Over USD 272 billion processed through Binance Pay
- Nearly USD 7 billion in prevented fraud
- Protection of around 9 million users from potential scams
Teng also unveiled new AI-driven initiatives designed to simplify trading and enhance user experience. He announced Binance Junior — a supervised application for users aged 6–17 to learn digital finance responsibly under parental oversight.
Read also: Saudi Arabia allows foreigners to own real estate for the first time.
Who is the new co-CEO, and how will Binance’s leadership evolve?
In one of the event’s most significant announcements, Teng appointed Binance co-founder Yi He as the company’s new co-CEO. He described her as a driving force since day one, credited with shaping Binance’s culture, vision and user-centric approach. Her appointment represents a natural evolution of leadership and reflects the company’s commitment to scaling toward its mission of reaching 1 billion users. The opening concluded with Teng inviting UAE Minister of AI Omar Sultan Al Olama to expand on the country’s forward-looking digital strategy. The minister’s presence underscored the importance the UAE places on developing crypto and blockchain industries as part of economic diversification beyond oil.
Read also: The UAE is preparing a tax revolution: what will change for investors and residents.
Dubai’s selection as the host of Binance Blockchain Week reinforces the emirate’s position as a global hub for digital assets and financial technology. The city offers a clear regulatory environment through specialised zones such as DubaiMulti Commodities Centre and maintains a progressive approach to crypto-business licensing. This attracts companies seeking stability and predictable rules in a sector known for volatility — not only in prices, but also in regulatory frameworks worldwide. For foreign crypto professionals relocating to Dubai amid Binance’s regional expansion, understanding Dubai mortgage requirements for non residents becomes essential when planning long-term property purchases in an emirate widely regarded as offering an appealing blend of progressive crypto regulation and high quality of life
