Polymarket Eyes Proprietary Stablecoin to Rival USDC, Boost Revenue
Polymarket, a leading crypto prediction platform, is considering launching its own stablecoin to capture revenue currently going to Circle via USDC transactions. This strategic move could redefine the platform's economic model as stablecoin adoption surges.
The company is evaluating two options: a revenue-sharing partnership with Circle or developing an independent stablecoin solution. The decision is critical given Polymarket's substantial scale—processing over $14 billion and attracting millions of monthly users.
Polymarket's potential acquisition of CFTC-regulated QCEX hints at broader ambitions to penetrate regulated U.S. markets. Stablecoins have transitioned from simple volatility hedges to essential infrastructure, making this a pivotal strategic play.
