Polygon Labs CEO: Stablecoins will greatly improve the efficiency of capital use and expenditure

According to Twitter, Marc Boiron, CEO of Polygon Labs, wrote that stablecoins will drive a significant increase in spending. As capital efficiency increases, profits earned by banks due to the inefficiency of traditional payment systems will decrease, and businesses and consumers will have more capital they can use for consumption.

Marc Boiron points out that deposit funds in pre-deposit accounts, settlement delays, bank cutoff times, and idle balances impede economic growth far more than most people can imagine. Stablecoins can enable capital of the same size to support more procurement, inventory, payroll, and cross-border trade.

It believes that the winners of the next round of payment competition will be participants who can help enterprises achieve millisecond payments.