Polygon executives: Stablecoins will迎来 a "Supercycle", and the number of issuers may exceed 100,000 within 5 years.

According to Deep Tide TechFlow news on November 28, The Fintech Times reported that Aishwary Gupta, head of global payments and RWA at Polygon, predicts that stablecoins will enter a “Supercycle,” with the number of stablecoin issuers expected to exceed 100,000 within 5 years.

Gupta stated that we are currently at the beginning of a “Supercycle”, where every major entity from banks to large tech companies will attempt to launch their own stablecoin. He pointed out that the explosive growth of stablecoins will pose a threat to traditional banking models, as the yields offered by stablecoins often exceed those of bank deposits, leading to capital flowing on-chain.

To counter capital outflows, Gupta anticipates that banks will issue “deposit tokens”—digital representations of customer deposits that keep funds within the banking ecosystem while providing the practicality of blockchain technology.