The Polygon Labs rode John Egan as inaugural Chief Product Officer. Egan joined the Stripe, where he served as the leader of the crypto, administering giant cryptocurrency payments and product solutions. He used to establish a lot of startups and a product leader on Facebook/Meta.
As chief product official, Egan will lead the company’s vision and strategy, which builds a worldwide class, a user -focused organization that drives change throughout the ecosystem. Reporting directly to Polygon Labs CEO Marc Boiron, he is a champion of products that make stablecoin payments that are easy and enable cooked liquidity, scalability, and interoperability. This work will empower the next generation of global payment experiences from the point of sale to cross-border transactions, redefining how value is moving throughout the Internet.
The appointment came as Polygon strengthened its position as a leading Stablecoin payment platform, now supporting nearly $ 3 billion in the Stablecoin market cap. The Polygon led the market for micro and small USDC payments and the first stablecoin payment network integrated with stripe, offering a sub- $ 0.001 transaction fee and settlement times under five seconds. Polygon POS recently exceeded $ 1 billion in tokenized real-world assets and hosted major institutional deployments, along with Buidl’s Buidl Fund, a tokenized funding market funding, and Apollo’s private credit funds, acred.
“The best product leaders have reshape the entire category. John did that at the Facebook workplace and again with the crypto in Stripe,” said Marc Biron, CEO of Polygon Labs. “As we push Polygon to be the foundation for digital payments, we need someone to prove that they can bridge between what is technically possible and what users need. John’s rare leader has repeatedly done this.”
In Stripe, Egan has been instrumental in advancing the company’s cryptocurrency approach to a period of significant expansion, including administration of crypto enabling and product solutions as the giant deepens the promise of blockchain infrastructure. Prior to Stripe, he spent many years on Facebook (now meta), where he created and led the Facebook work area, the company’s cooperation platform. Egan also brings experience to the entrepreneur as a multiple performer, including the YC-back caffeinated mind (Facebook), blockchain art platform editional, and Kintaba incident management company.
“The Polygon is always in the middle of real-world blockchain payments, which holds a large part of the USDC’s daily shift worldwide,” John Egan said. “I look forward to developing a world product organization with leadership in Polygon Labs. With the agglayer carrying cross-chain liquidity and scalability together, we have a clear chance of making the polygon leading to global blockchain payments and making digital transactions as seamless and trustworthy as traditional networks.”
The strategic lease represents a milestone in expanding the polygon of global payment capabilities, as the company is building a worldwide team under the leadership of Aishwary Gupta, global leader of payments and real world properties. Egan will work next to recent -only recruitment veterans in payment including Jamal Raees (dating bridge and bitpay), Sam Fagin (dating checkout.com), and dizien low (dating mastercard).
“We are gathering a payment team that combines the best traditional Fintech with folk crypto expertise,” said Aishwary Gupta, global payment leader and RWA in Polygon Labs. “In John Leading Product, next to Jamal, Sam, and Dizien, we have a leading industry blend of experience from companies such as Stripe, BitPay, Bridge, Checkout.com, and leading crypto protocols. This group will bring our vision to making the polygon the global standard for blockchain payments.”
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