Polygon Axes 30% Workforce, Eyes Stablecoin Domination Post-Acquisitions

Google News Neutral
Polygon is cutting 30% of its staff and shifting its strategic focus towards stablecoin dominance after recent acquisitions.

Polygon, a prominent scaling solution for Ethereum, has announced a significant restructuring that includes a 30% reduction in its workforce. This move is accompanied by a strategic shift to focus on stablecoin domination following recent acquisitions. The company aims to streamline operations and reallocate resources towards areas of high growth and strategic importance, particularly in the burgeoning stablecoin market, which could influence its future competitive positioning in the decentralized finance (DeFi) space.

View Source