logo

Polymarket is reportedly considering issuing its own stablecoin to control the platforms USDC reserve income

By: odaily.com|2025/07/23 05:51:59
0
Share
copy
unitedunited

Odaily News According to people familiar with the matter, crypto prediction market platform Polymarket is evaluating the possibility of launching its own stablecoin in order to control the income from the high reserve funds supported by Circles USDC. At present, the platform has not made a final decision and is also weighing the option of reaching a revenue-sharing agreement with Circle. Since the Polymarket ecosystem is closed, it only needs to realize the exchange between USDC and its customized stablecoin, without having to face the compliance problem of deposit and withdrawal, making the issuance of stablecoins more feasible in terms of technology and regulation. With the recent passage of stablecoin-related legislation in the United States, the issuance of stablecoins has become a new profit point in the eyes of crypto companies and traditional financial institutions. During the US election last year, the Polymarket platform bet as much as $8 billion, and the number of visits in May reached 15.9 million. The company is currently returning to the US market by acquiring the US exchange QCEX. Previously, Polymarket was subject to civil and criminal investigations for allowing US users to place bets, and the case has now been closed.

-- Price

--

You may also like

6MV Founder: In 2026, the "landmark turning point" for crypto investment has arrived

"I will deploy funds in 2026, so I will tell you this is the best year in history."

Abraxas Capital Mints $2.89 Billion USDT: Liquidity Boost or Just More Stablecoin Arbitrage?

Abraxas Capital just received $2.89 billion in freshly minted USDT from Tether. Is this a bullish liquidity injection for crypto markets, or is it business as usual for a stablecoin arbitrage giant? We analyze the data and the likely impact on Bitcoin, altcoins, and DeFi.

A VC from the Crypto world said AI is too crazy, and they are very conservative

Amid the Crypto frenzy and with investors who once missed out on Pinduoduo, a new AI fund called Impa Ventures was established, rejecting bubble narratives and adhering to a conservative "problem-first" strategy to seek real business value.

The Evolutionary History of Contract Algorithms: A Decade of Perpetual Contracts, the Curtain Has Yet to Fall

The ten-year evolution of perpetual contracts: from pulling the plug on 312 to the shocking short squeeze of TRB, a deep dive into the pricing machine that averages $200 billion daily, written with countless liquidations and real money, detailing the blood and tears of risk control theory.

Kicked out by PayPal, Musk aims to make a comeback in the cryptocurrency market

Cashtags generated a trading volume of 1 billion dollars just a few days after its launch, marking a strong start for Musk's super app strategy. For the cryptocurrency market, X's layout may be one of the most anticipated sources of retail growth after the meme coin craze subsides.

Solana ETF News: What Is a Solana ETF and Why Is Goldman Sachs Betting $108 Million on SOL?

Solana ETF news today shows Goldman Sachs disclosed a $108M position while total SOL ETF inflows reached $1.45B. Analysts now expect up to $6B in institutional demand as Solana trades 71% below its all-time high.

The Joker is back
Bigger pools, auto-play, lucky buffs.
The Joker is backJoin now and grab your rewards.

Contents

Popular coins

Latest Crypto News

04:42

Data: In the past 24 hours, the total liquidation across the network was 154 million USD, with long positions liquidated at 67.8237 million USD and short positions liquidated at 86.1237 million USD

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $154 million, with long positions liquidated at $67.8237 million and short positions liquidated at $86.1237 million. Among them, Bitcoin long positions were liquidated at $17.8374 million, Bitcoin short p...
BTCBTC
--
ETHETH
--
04:42

The three major U.S. stock indexes closed mixed, with Intel rising over 23%

According to Jinshi reports, U.S. stocks closed on Friday with the Dow initially down 0.16%, the S&P 500 index up 0.8%, and the Nasdaq Composite index up 1.63%. Intel (INTC.O) rose 23.6%, leading the Philadelphia Semiconductor Index components, Arm (ARM.O) rose 14.76%, and AMD (AMD.O) rose 13.91%. T...
03:42

The U.S. Treasury Department has implemented a new round of financial sanctions against Iran, freezing approximately $344 million in cryptocurrency assets

According to Jinshi, the U.S. Treasury announced on April 24 a new round of financial sanctions against Iran, updating the "Specially Designated Nationals List," and imposing sanctions on several "wallets" related to Iran, freezing approximately $344 million in cryptocurrency assets. U.S. Treasury S...
02:42

Tennessee completely bans cryptocurrency ATMs, upgrading fraud regulation

Tennessee Governor Bill Lee has signed a bill that bans the operation of cryptocurrency ATMs statewide, becoming the second state after Indiana to implement a comprehensive ban. The bill (HB 2505) has officially taken effect and will be enforced starting July 1.According to the regulations, installi...
BTCBTC
--
02:42

Data: If BTC breaks through 81,265 USD, the cumulative short liquidation intensity on major CEX will reach 1.742 billion USD

According to Coinglass data, if BTC breaks through $81,265, the cumulative short liquidation intensity on mainstream CEX will reach $1.742 billion. Conversely, if BTC falls below $74,299, the cumulative long liquidation intensity on mainstream CEX will reach $1.588 billion.
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com