The CEO of Polygon Labs, Marc Boiron, believes that yield-bearing stablecoins have the potential to drive significant activity in the cryptocurrency market by 2025. Stablecoins, including yield-bearing ones, currently have a market cap of $207 billion. Boiron attributes the interest in stablecoins to both the potential for high yields and the regulatory clarity that is emerging, particularly in Europe. Companies outside of the crypto industry are expressing interest in creating their own stablecoins due to the profitability seen with Tether, which reported a net profit of $2.5 billion in Q3 of last year. Boiron expects new entrants to the stablecoin market that aim to improve the user experience. He also believes that existing stablecoins, like USDC, will still be adopted by these companies in addition to launching their own stablecoins. The scalability of platforms like Polygon Labs is seen as an opportunity for stablecoins to thrive.



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