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Source: Insider Insider Source: Polymarket is considering launching a stablecoin

By: theblockbeats.news|2025/07/22 21:42:18

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

This source said that Polymarket's motivation for creating its own stablecoin is solely to have a revenue reserve. A representative of Polymarket stated that no decision has been made on the stablecoin issue at this time.

The SEC has approved the conversion of the Bitwise 10 Crypto Index Fund to an ETF, which includes coins such as ADA, SOL, and LINK.

OpenAI warns its latest AI model could pose a bioterror risk