Polymarket Considers USDC-Based Stablecoin Strategy to Monetize $8B Trading Volume

Polymarket is evaluating the launch of a proprietary stablecoin or a revenue-sharing partnership with Circle to capture yield from locked reserves. The platform processed $8 billion in betting volume during the recent U.S. election cycle, demonstrating substantial financial activity.

This initiative aims to retain revenue currently going to Circle as users deposit USDC in markets. "They don't require full fiat on-ramps—just frictionless swaps between USDC and their native stablecoin," an insider revealed. Regulatory developments may support this approach.

Additionally, Polymarket intends to reenter the U.S. market by acquiring domestic exchange QCEX following regulatory resolutions. The stablecoin plan remains under active discussion, with no definitive decision yet.