Polygon Labs CEO: Stablecoins Will Significantly Improve Capital Efficiency and Spending Efficiency

Odaily Planet Daily News: Polygon Labs CEO Marc Boiron stated that stablecoins will drive a significant increase in spending. As capital efficiency improves, banks' profits from the inefficiencies of traditional payment systems will decrease, while businesses and consumers will have more funds available for spending.

Marc Boiron pointed out that idle funds in pre-funded accounts, settlement delays, bank cutoff times, and dormant balances suppress economic growth far more than most people realize. Stablecoins can enable the same amount of capital to support more procurement, inventory, payroll, and cross-border trade.

He believes the winners of the next round of payment competition will be players who can help businesses achieve millisecond-level payments.