Summary
- Polymarket has reportedly been considering issuing its own stablecoin.
- It was stated that the aim is to directly manage the stablecoin reserves to secure profits.
- There are also discussions about a profit-sharing arrangement with Circle based on the amount of USDC deposited on the platform.
According to cryptocurrency-focused media outlet CoinDesk on the 22nd (local time), the decentralized prediction market Polymarket is reportedly considering issuing its own stablecoin.
It appears the intention is to directly manage the reserves backing the stablecoin in order to capture the associated profits.
There are also discussions underway about sharing profits with Circle based on the amount of USDC deposited on the platform.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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