According to BlockBeats, on July 23, a source told CoinDesk that the crypto prediction market Polymarket is deciding whether to launch its own custom stablecoin or to accept a revenue-sharing agreement with Circle based on the amount of USDC held on the platform.
This source stated that Polymarket's motivation for creating its own stablecoin is solely to have a reserve for profits. A representative from Polymarket stated that no decision has yet been made regarding the stablecoin issue.
