Haciyev Reşit 
As the crypto ecosystem rapidly evolves, Aishwary Gupta — Head of Digital Payments and Real-World Assets (RWA) at Polygon — has shared a striking prediction that may define the next era of the industry. According to Gupta, the biggest transformation in the crypto space over the coming years will occur in stablecoins, ushering in what he calls a true “super cycle.”
100,000 Stablecoins in the Next 5 Years
Speaking to The Fintech Times, Gupta stated that stablecoin growth will far surpass today’s trajectory. He believes that not only fintech firms, but also banks, major tech companies, and even government institutions will begin issuing their own stablecoins.
In Gupta’s words:
“Over the next five years, there will be at least 100,000 stablecoins. The system will look extremely fragmented, but this complexity will not be visible to users. Payments will be fully automated in the background. A user may pay with a bank token, while the receiver gets USDC — the conversion will happen invisibly.”
This suggests that future payment systems will rely on layered, multi-token, and automated conversion processes as a standard.
Stablecoins Will Not Reduce State Control — They Will Strengthen It
While some experts argue that stablecoins could weaken central banks’ control, Gupta disagrees. He claims that the stablecoin explosion will increase, not decrease, state power:
“Stablecoins do not reduce a country’s monetary strength — they enhance it. As petro-dollar demand declines, the rise in stablecoins has boosted demand for the U.S. dollar once again. Stablecoins make the dollar accessible to everyone. This demand will continue to grow. Central banks will become even stronger.”
Gupta’s comments support the view that USD-backed stablecoins are reinforcing the dollar’s dominance in the digital age.
Banks May Face Massive Deposit Outflows
Gupta argues that stablecoins and blockchain-based products are becoming far more attractive than traditional bank deposits, which offer low returns.
According to him:
- Bank deposits with low interest rates are losing appeal
- DeFi platforms offer significantly higher yields
- A large portion of savings is shifting into blockchain-based instruments
Gupta warns that this trend poses a major threat to banks:
“Banks will begin losing their low-yield deposit base. Capital costs are rising, and this threatens the very purpose of banks. Massive deposit outflows may occur. Therefore, banks will have no choice but to tokenize deposits and issue their own stablecoins. For example, a customer may trade on Coinbase, but the money will never leave the bank. There is no alternative for banks.”
Overall Assessment
Gupta’s predictions highlight that the future of the crypto industry will not be shaped solely by volatile tokens, but by a deeply integrated stablecoin architecture tied to digital money. A world with hundreds of thousands of stablecoins signals an inevitable and radical transformation of the financial system.
These insights suggest that the coming years will feature intense innovation in stablecoin competition, institutional tokenization, and automated payment infrastructure setting the stage for a new era in global finance.
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