TechFlow news, November 28 — According to The Fintech Times, Aishwary Gupta, Polygon's Global Head of Payments and RWA, predicted that stablecoins are entering a "super cycle," with the number of stablecoin issuers expected to surpass 100,000 within five years.
Gupta stated that we are currently at the beginning of this "super cycle," where every major entity—from banks to big tech companies—will attempt to launch their own stablecoins. He noted that the explosive growth of stablecoins will threaten traditional banking models, as stablecoins often offer higher yields than bank deposits, leading capital to flow on-chain. To counter capital outflows, banks will issue "deposit tokens"—digital representations of customer deposits—that keep funds within the banking ecosystem while providing the utility of blockchain technology.
