Polygon exec predicts 100,000 stablecoin issuers within 5 years

Aishwary Gupta, Head of Payments and RWAs at Polygon, predicts a super cycle for stablecoins over the next five years that will see the number of global issuers surge to more than 100,000, The Fintech Times reported. Gupta explained that stablecoins do not weaken central bank control but rather expand currency demand, thereby strengthening the influence of national currencies. He added that as capital moves into stablecoins, bank deposits will decrease, prompting global banks to respond by issuing Deposit Tokens, which are tokenized versions of customer deposits.