Polygon Labs appoints former head of Stripe encryption as chief product officer

PANews reported on September 15 that according to Fortune, John Egan, former head of encryption at Stripe, announced that he would join Polygon Labs as chief product officer and will focus on improving the Polygon ecological payment experience. Egan once led Stripe to acquire stablecoin company Bridge ($1.1 billion) and crypto wallet company Privy, and promoted self-developed blockchain Tempo. Polygon's stablecoin circulation reached US$2.9 billion in July, with more than 4.5 million active addresses, leading Ethereum in the same period. Egan expressed optimism about Polygon's application in the field of stablecoin micropayment.