Polygon Labs appointed Stripe Encryption Leader as Chief Product Officer

According to Fortune, John Egan, former head of cryptocurrency at Stripe, announced that he would join Polygon Labs as chief product officer and will focus on enhancing the Polygon eco-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 in July reached US$2.9 billion, 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.