Source: Polymarket is considering launching a stablecoin

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On July 23, according to CoinDesk, sources said that the crypto prediction market Polymarket is deciding whether to launch its own custom stablecoin or accept a revenue-sharing agreement with Circle based on the amount of USDC held on the platform.


The source stated that Polymarket's motivation for creating its own stablecoin is solely to have an earnings reserve. A Polymarket representative said that no decision has been made regarding the stablecoin issue yet.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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