Polymarket Weighs Proprietary Stablecoin vs. USDC Partnership as Regulations Evolve

Polymarket, the crypto prediction platform recently valued at $1 billion, is considering launching its own stablecoin or entering a revenue-sharing agreement with Circle for USDC holdings. This strategic move aims to capitalize on yield opportunities from reserves supporting the platform's significant USDC usage.

Recent U.S. legislation has made stablecoin issuance increasingly appealing for crypto companies. Facing growing competition, Circle has been offering revenue-sharing arrangements to exchanges and fintech firms. For Polymarket, regulatory factors could make an in-house stablecoin launch relatively straightforward.

The platform's locked stablecoin value in prediction markets creates natural demand for yield-generation solutions. Company representatives confirm no final decision has been made regarding the stablecoin strategy.