Polymarket Explores Proprietary Stablecoin and Revenue Deal With Circle

Prediction-market operator Polymarket is exploring the creation of a proprietary stablecoin, according to a CoinDesk report published on 22 July. The company currently relies on Circle’s USDC to settle bets on its blockchain-based platform but is evaluating whether issuing its own dollar-pegged token would allow it to capture the yield generated by reserve assets that back the coin.

Polymarket is also weighing an alternative arrangement that would keep USDC on the platform while establishing a revenue-sharing agreement with Circle tied to the amount of the stablecoin held in customer wallets, the report said. Deliberations are at an early stage, and Polymarket has not set a timeline or made a final decision.

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