Polymarket, the Crypto prediction platform, which today uses the USDC for all its transactions, plans to create its own stable currency in order to capture the income currently received by Circle. Two options are on the table: a sharing agreement with Circle or a house stable.
In short
- The Polymarket platform, which specializes in Crypto prediction markets, plans to launch its own stablecoin.
- Polymarket hesitates between an income sharing partnership with Circle or the issue of an internal stablecoin.
- With more than $ 14 billion treated and millions of monthly visits, Polymarket also plans to buy QCEX, a grant regulated by the CFTC, to anchor on the American market.
Polymarket's ambition: regain control over the value
Polymarket, the crypto prediction giant, no longer wants to play the second roles. Stablecoins are booming this year, and on a platform like this, transactions explode, all denominated in USDC. There is a burning question. Why continue to enrich Circle when you can capture this manna yourself?
It is in this spirit that the Polymarket company now plans to launch its own stablecoin. A strategic decision, carefully thought out, which could in depth the economic balance of the platform.
Behind this initiative hides a clear calculation: Stablecoins are no longer simple stability tools. They have become income generators, supplied by the reserves they accumulate.
Currently, each dollar that transit on Polymarket enriches the Circle chests via the USDC. A shortfall that the platform intends to correct.
But the decision has not yet been activated. Two options are on the table. The sources indicate that Polymarket first wants to try to negotiate an agreement income sharing with Circle.
This is an unlikely hypothesis in view of the past practices of the USDC transmitter. On the other hand, Polymarket intends to take the plunge by creating a house stable, integrated from start to finish in its ecosystem. And this second path seems more and more attractive.
Take a stablecoin: a strategic and regulatory choice
In the current climate, launching a stablecoin is no longer a marginal act reserved for pioneers. The recent American legislation on Stablecoins has clarified the rules of the game. Indeed, the latter made the ground more readable for well -established actors. For Polymarket, whose model is based on constant crypto flows, this opens up a very concrete window of opportunity.
Unlike other platforms that must manage the access and exit ramps to the Fiat, Polymarket evolves in an enclosed ecosystem. This means that it is enough for it to allow the exchange between USDC/USDT and its own token to make it functional. No need for banking licenses or complicated partnerships: the issue of a personalized stablecoin would be “simple to secure and control”, according to sources close to the file.
Circle, for its part, is not renowned for its generosity. It has already ended several income sharing agreements with major partners to preserve its competitiveness.
Suffice to say that Polymarket has little illusions on this option. In short, the launch of a clean stable is not only possible, but almost logical from an economic and regulatory point of view.
Fulgurating growth that requires daring choices
Polymarket is not a little player. With more than $ 14 billion of total volume treated since its creation, and 1 billion in a single month in May, this Crypto prediction platform is experiencing growth that forces respect.
During the re -election of Donald Trump, the volumes even exploded at $ 2.5 billion over 30 days. A dynamic carried by an active user base oscillating between 20,000 and 30,000 daily traders.
In this context, controlling your own monetary infrastructure becomes almost a necessity. Especially since Polymarket now targets the large American market, with the acquisition of QCEX, a scholarship approved by the CFTC. This $ 112 million strategic movement could mark a new era for the platform: that of expansion under regulatory surveillance, but with high potential.
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