According to a source familiar with internal discussions, the platform is debating whether to move forward with a custom stablecoin or to strike a revenue-sharing deal with Circle, the issuer of USDC.

The motivation behind a Polymarket stablecoin is financial. Currently, a large portion of the platform’s activity is conducted in USDC. By issuing its own dollar-pegged token, Polymarket would be able to control and earn the yield from the reserve assets backing the stablecoin—an income stream that currently benefits Circle.

No Final Decision Yet

While internal discussions are ongoing, a spokesperson for Polymarket confirmed that no final decision has been made. The company is still exploring its options, balancing the benefits of owning its own stablecoin against the operational complexity and regulatory obligations that come with it.

A third option on the table is a potential revenue-sharing model with Circle, where Polymarket would earn a portion of the yield based on the amount of USDC held on its platform. This could offer a middle ground—gaining passive income without the burdens of stablecoin issuance.

New U.S. Law Makes Stablecoins More Attractive

The recent passage of stablecoin legislation in the U.S. has created favorable conditions for platforms looking to enter the space. Regulatory clarity is attracting both crypto-native companies and traditional finance players to the stablecoin market. With the success of major issuers like Tether and Circle, launching a stablecoin is now seen as a credible and profitable strategy.

For Polymarket, the decision could mark a turning point—transforming it from a high-volume betting platform into a key player in the stablecoin economy.

The post Polymarket Weighs Launching Its Own Stablecoin Amid Rising USDC Use appeared first on Coindoo.

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Filed under: Bitcoin - @ July 22, 2025 8:30 pm