The prediction platform Polymarket is exploring the possibility of launching its own stablecoin to profit from the reserves currently backing USDC. According to informed sources, the company has not yet made a final decision regarding the implementation of such a financial instrument.
This is reported by Business • Media
Polymarket Aims to Increase Profitability with an Internal Stablecoin
Polymarket currently utilizes significant amounts of USDC to back bets on its platform. The company’s primary motivation is to gain control over the reserves and ensure their profitability. According to a trusted individual, launching its own stablecoin would allow the service to manage liquidity independently and optimize financial flows.
“Polymarket holds substantial amounts of stablecoins in its betting pools and is seeking a mechanism to profit from this,” the source noted.
Advantages of an In-House Token and Market Competition
Polymarket operates within a closed ecosystem, which facilitates the exchange of USDC or USDT for its own token and does not require complex solutions for entering or exiting fiat currencies. This enables the company to quickly launch new assets and maintain full control over its infrastructure.
Competition in the stablecoin market is increasing: Circle, the issuer of USDC, is actively entering into profit-sharing agreements with exchanges, payment services, and fintech companies in an effort to maintain its leading position. Meanwhile, representatives from Circle have refrained from commenting on the situation surrounding Polymarket.
On July 18, 2025, U.S. President Donald Trump signed the GENIUS Act, a law concerning stablecoins that creates favorable conditions for the development of such assets among both cryptocurrency companies and traditional financial institutions. The success of Tether and Circle is prompting other platforms, including Polymarket, to consider creating their own stablecoins as a new business model.
“The launch of a stablecoin is a new profitable model,” industry analysts stated.
Additionally, Polymarket plans to return to the U.S. market by acquiring the licensed platform QCEX after resolving issues related to the investigation concerning bets from American users.