More Stablecoin Initiatives: Polymarket Could Be Set To Launch Its Own Stable Asset
The post More Stablecoin Initiatives: Polymarket Could Be Set To Launch Its Own Stable Asset appeared on BitcoinEthereumNews.com.
Key Insights: Polymarket is considering creating its own stablecoin to gain control over USDC reserves and yield. The move would require only a few infrastructure changes due to the platform’s closed-loop ecosystem. New U.S. stablecoin laws have made issuance more attractive to both crypto-native and trad-fi firms.. Polymarket is now reportedly considering the launch of its own stablecoin. The predictions platform is doing this to take ownership of the yield generated by the reserves that currently back USDC deposits on the platform. In essence, the move could give the company more control over its internal economy in light of the newly approved GENIUS and CLARITY acts. Why Polymarket Wants to Launch a Stablecoin According to a source familiar with the matter, Polymarket wants to stop leaving money on the table. By issuing its own stablecoin, Polymarket would gain control over the cash and short-term Treasuries that back all of the USDC that is used to make bets on its platform. By doing so, the betting platform can generate yield, and scale or even fund future growth. 👀 Rumour: Polymarket might drop its own stablecoin. But why now? After acquiring a CFTC-licensed exchange for $112M, the team’s now eyeing a way to capture yield from the billions in stablecoins flowing through the platform. Instead of handing yield to Circle, they’re… pic.twitter.com/hydHvEGRen — Thesis.io (@thesis_io) July 23, 2025 The insider explained that the changes that PolyMarket intends to make could be relatively simple, because of Polymarket’s closed ecosystem. “All they really need to do is be able to exchange USDC or USDT into whatever their custom stablecoin is,” the source said. Since users only use the token within Polymarket, there’s no need to build any kind of complex solutions to support external transfers, payments or bank off-ramps. Stablecoin, A Simpler Path Compared…
Filed under: News - @ July 24, 2025 3:24 am