According to local media reports in Japan, Sony Bank announced its foray into the stablecoin world, launching a trial to issue its fiat-linked digital currency. In collaboration with blockchain company SettleMint, one of the most notable aspects of the pilot program is that the trial will take place on the Polygon blockchain. Sony Bank’s Strategic […]
In a recent development, Polygon Labs announced a workforce reduction, eliminating 60 roles, accounting for approximately 19% of its staff. The decision was communicated by Marc Boiron, CEO of Polygon Labs, in an update shared with the Polygon Labs team. Strategic Changes? According to the statement released Thursday, the company has changed to “accelerate its […]
Regulatory oversight in decentralized finance (DeFi) has garnered significant attention recently. It has become a focal point for protocols and firms such as Polygon as they strive to navigate the evolving regulatory landscape and establish a solid foundation in the sector. In a recent research paper authored by Poylgon’s Chief Legal Officer (CLO) Rebecca Rettig, […]
Polygon (MATIC), an Ethereum (ETH) Layer 2 scaling solution, has unveiled a significant Improvement Proposal (PIP-29) that aims to establish a Protocol Council responsible for executing upgrades to system smart contracts. This proposal marks a major step towards implementing Governance 2.0 on the Polygon network. Per the announcement, the proposed Protocol Council consists of thirteen […]