# 🔮 The Stablecoin Dilemma of Polymarket
## Key Points:
1. Polymarket (valued at $1 billion) is considering two options:
- Creating its own stablecoin
- Accepting a revenue-sharing deal with Circle based on USDC holdings
2. 💰 **Motivation**: To leverage the yield on the reserves backing the large amount of USDC used on their betting platform
3. 📊 **Market Context**:
- Recent US legislation on stablecoins makes issuing stablecoins more attractive
- The price of USDC has remained stable (hovering around $0.999)
- Polymarket has seen significant volume ($8 billion in bets during the recent elections)
## Why This Matters:
This highlights how cryptocurrency platforms seek new sources of income through stablecoin infrastructure. If more platforms create custom stablecoins, it could impact the broader stablecoin ecosystem used by traders on platforms like BingX.
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The information mentioned above has been researched and summarized to present to you. Please like and comment. Thank you, peace be upon you and God's mercy and blessings.
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