Crypto prediction market platform Polymarket is evaluating the possibility of launching its own stablecoin with the aim of capturing the proceeds from high reserves backed by Circle's USDC, according to people familiar with the matter. The platform has not yet made a final decision and is also weighing options for a revenue-sharing agreement with Circle.
Since the Polymarket ecosystem is closed, only the exchange between the USDC and its customized stablecoin needs to be realized, and there is no need to face the compliance problem of "deposit and withdrawal", making the issuance of stablecoins more technically and regulatory feasible. With the recent passage of stablecoin-related legislation in the United States, the issuance of stablecoins has become a new profit point in the eyes of crypto companies and traditional financial institutions.
Polymarket, which saw $8 billion wagered on its platform during last year's US election and 15.90 million visits in May, is in the process of returning to the US by acquiring QCEX, the US exchange. The company has closed civil and criminal investigations into allowing US users to place bets.
It is reported that Polymarket is considering issuing its own stablecoin to control the platform's USDC reserve revenue
2025-07-22 20:59:32
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