Polygon Exec Flags Stablecoin ‘Super Cycle’ Set to Disrupt Banks
Aishwary Gupta, Global Head of Payments & RWA at Polygon, predicts a "super cycle" for stablecoins, with over 100,000 such assets emerging within five years. The trend could pull capital from traditional banks, forcing them to issue deposit tokens to retain liquidity.
Japan’s adoption of stablecoins like JPYC in public finance—bonds, subsidies, and stimulus—demonstrates how digital assets can reinforce monetary sovereignty. Unlike regulators elsewhere, Japan is pioneering real-world use cases, signaling a future where cross-currency payments become seamless.
Gupta warns that banks face existential disruption unless they adapt. Stablecoin yields may lure deposits away, accelerating the shift toward decentralized finance. The quiet revolution in Japan offers a blueprint for others to follow.
