Polymarket, the crypto-powered prediction platform, is considering the launch of a custom stablecoin to capture yield from reserve assets. The move would shift the platform’s reliance away from Circle’s USDC and give Polymarket direct control over the interest-bearing collateral backing user bets. Polymarket To Enter the US Stablecoin Market? According to several reports, the firm is still deciding between issuing its own stablecoin or accepting a revenue-sharing arrangement with Circle. No final decision has been made. The motivation is reportedly financial. Polymarket holds a large volume of USDC, but currently, Circle collects the yield from those backing reserves. By issuing its own dollar-pegged token, Polymarket could monetize this flow internally. Community Comments on Polymarket’s Stablecoin Rumors. Source: X (Formerly Twitter) The amount of USDC on the platform fluctuates with market activity. During the 2024 US election cycle, over $8 billion in bets were placed. The news follows Polymarket’s effor