Tablecoins are going to grow, like, so massively that, like, we can do decent and we will do

phenomenally well. And if we do phenomenally well relative to competition, we'll do, like,

will probably be one of the biggest companies that are that are existing in the world.

Hi, everyone. Welcome to Unchained. Your no hype resource for all things, Crypt crypto. I'm your host, Laura Shin. Thanks for joining us to livestream. Before we get started, a quick reminder, nothing you hear on Unchained is investment advice. This show is for informational and entertainment purposes only, and my guest and I may hold assets discussed on the show. For more disclosures, visit Unchained Crypto.com. Looking to unlock your crypto's liquidity, figure offers crypto-backed loans with an industry low-a-i-I-I-I-I-I-I-I-I-I-E-I-I-R. They can teach you how to fry an egg, and even write a poem, pirate-style. GAR! But it knows nothing about your work. Slackbot is different.

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Today's guest is Mark Boyren, Chief Executive Officer at Polygon Labs. Welcome, Mark.

Hi, Laura. Thanks for having me. Yeah, nice to see you. So Polygon had a big announcement on Tuesday,

which is that it's becoming a U.S. regulated payments platform. And as part of that move, you're acquiring CoinMe and Sequence.

And the goal is to move all money on chain. So explain what this means.

Yeah. So, you know, one thing we've been doing for a long time, obviously, is building out the

Polygon blockchain. And, you know, we've been talking to institutions for a very long time, including in the payment space. And, you know, as we figured out that blockchains are going to become specialized in certain use cases, we also looked at where it is that we were particularly strong, and there was in the payment space. And so we kind of doubled down on that, probably about 12 months ago with like real significant efforts in the last six months. But on top of that, what we realized is we're having all of these

discussions with, you know, the fintechs, banks, you know, enterprises, merchants, and all of

them are talking about how hard it is to use stable coins, which is the opposite of what, you know, all of us are saying. And it's not the actual transfer of stable coins that's hard. It's them actually offering stable coins, you know, basically as a surist for others to move money. And their simple reason is because they'll come and they'll talk to Polygon and then they'll talk to, you know, free, four of the blockchings, trying to decide what to do. And then they'll go and they'll say, well, I need on ramps and

...