Polygon's Global Payments and RWA Head, Aishwary Gupta, has highlighted a significant shift in the stablecoin market, predicting a 'super cycle' that could see the number of issuers exceed 100,000 within the next five years. Gupta suggests that traditional banks will need to restructure their capital management strategies to remain competitive.
Gupta believes that stablecoins, when properly integrated, can enhance rather than undermine monetary sovereignty. He anticipates that banks will issue 'Deposit Tokens' to retain capital. Additionally, he foresees future payment systems enabling seamless exchanges between different stablecoins through a neutral settlement layer.
Stablecoins Enter 'Super Cycle' with Over 100,000 Issuers Expected
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