Polymarket May Launch Its Own Stablecoin to Boost Revenue
Date: 2025-07-25 Author: Henry Casey Categories: BUSINESS
According to sources close to Polymarket's management, the forecasting platform is considering changing its financial model. The main goal is to gain more control over capital, which is currently backed by third-party stablecoins like Circle's USDC. The decision has not yet been made within the company, but the idea is being actively discussed.
According to one of the insiders, Polymarket accumulates large volumes of stablecoins within its betting pools, but does not yet receive direct benefits from this. The introduction of its own asset would not only redistribute reserves, but also create a source of additional income through liquidity management. At the same time, the technical implementation of the exchange between existing stablecoins like USDC or USDT and the new token does not cause difficulties, since all the platform's activities are built within a closed system. This eliminates the need for complex integration with fiat gateways.
“Organizing an internal exchange is not a difficult task, the main thing is to maintain control and security of the mechanism,” one of the interlocutors emphasized.
Meanwhile, Circle continues to strengthen its influence in the stablecoin market. The company is actively entering into partnerships with crypto exchanges, fintech startups and payment providers, offering them a share of the income received from reserves. Circle representatives have not yet responded to inquiries about possible competition with the new project from Polymarket.
The situation is developing against the backdrop of large-scale changes in the regulation of the US cryptocurrency market. Recently, President Donald Trump approved a new law on stablecoins (GENIUS Act), which opens up additional opportunities for companies wishing to issue their own digital assets. This creates an incentive for players like Polymarket to look for new ways to diversify their business.
Industry experts believe that the launch of its own stablecoin is a logical step for Polymarket. Against the backdrop of the success of giants such as Tether and Circle, the creation of its own asset can become a new source of sustainable profit and strengthen its position in the market. Analysts emphasize that the platform will be able to flexibly regulate the use of the token within the ecosystem and not depend on third-party issuers.
Separately, it is worth recalling that Polymarket previously announced plans to return to the US market by acquiring a license through a deal with QCEX. This became possible after the settlement of lawsuits related to the rates of American users.
Many in the crypto community are confident that the growth in the number of stablecoins will have a positive impact on the liquidity of the market. However, analysts warn that with the growth of competition, participants will have to offer not only new assets, but also transparent mechanisms to ensure their stability and security.
