Polygon Labs has appointed John Egan, the former head of crypto at Stripe, as its new Chief Product Officer. Egan will focus on enhancing the payment experience within the Polygon ecosystem. During his tenure at Stripe, Egan led significant acquisitions, including the US$1.1 billion purchase of stablecoin company Bridge and crypto wallet company Privy, and developed Stripe's blockchain, Tempo. Polygon's stablecoin circulation reached US$2.9 billion in July, with over 4.5 million active addresses, surpassing Ethereum during the same period. Egan expressed optimism about leveraging Polygon for stablecoin micropayments, indicating a strategic focus on expanding its payment capabilities.