Altcoins News

Story: Polymarket Plans Its Own Stablecoin to Take Control of USDC Reserves

By Julie Binoche

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Why a Native Stablecoin Makes Sense for Polymarket. Polymarket operates in a closed-loop ecosystem. Users place bets and trade on real-world outcomes…

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Regulatory Tailwinds Could Make Issuance Easier. The timing of Polymarket’s deliberation is notable. Just last week, federal lawmakers passed new…

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Circle’s Revenue-Sharing Model Under Pressure. Circle, which manages billions in reserves backing USDC, has reportedly offered revenue-sharing…

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A High-Volume Platform with Ambitions to Expand. Polymarket has quickly grown into one of the most active prediction markets in the crypto industry.

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A Broader Shift in Crypto Economics. By launching its own stablecoin, Polymarket would be following a growing trend among crypto…

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Polymarket, the popular crypto-based prediction market, is exploring the idea of creating its own stablecoin.

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The potential introduction of a Polymarket-issued stablecoin is part of a growing industry shift, as more crypto platforms aim to internalize the value and earnings tied to…

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Polymarket operates in a closed-loop ecosystem. Users place bets and trade on real-world outcomes using stablecoins, but these transactions don’t typically interact with external…

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Users could convert their existing USDC or USDT into the new token seamlessly, allowing Polymarket to retain the liquidity and interest generated by reserve assets.

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The company is considering two main strategies. One option is to issue a proprietary stablecoin for internal use on the platform.

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The timing of Polymarket’s deliberation is notable. Just last week, federal lawmakers passed new legislation in the United States that establishes a legal framework for…

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As the U.S. legal environment becomes more favorable, crypto-native companies and even traditional financial institutions are beginning to explore stablecoin issuance as a viable…

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Circle, which manages billions in reserves backing USDC, has reportedly offered revenue-sharing agreements to partners such as exchanges and payment platforms.

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If Polymarket goes ahead with its own token, it could be a sign that Circle’s revenue-sharing model is losing appeal among platforms seeking more financial independence.

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Polymarket has quickly grown into one of the most active prediction markets in the crypto industry. The company processed around $8 billion in trading volume during the last U.S.

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