Derived from Forklog, Polygon's Head of Payments and RWA, Aishwarya Gupta, predicts the stablecoin market will enter a 'supercycle,' with at least 100,000 stablecoins expected to emerge by 2029. Gupta argues this growth will challenge traditional banking models by offering investors yields unavailable in conventional systems. In response, banks may adopt blockchain-based deposit tokens to retain capital and meet demand for digital asset mobility. JPMorgan and BNY Mellon are already exploring such solutions, with HSBC expanding its tokenized deposit services to multiple markets.
Polygon Executive Forecasts 100,000 Stablecoins by 2029
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