Crypto prediction market Polymarket is exploring a move into the stablecoin space, with two strategic paths under consideration: launching its own Polymarket stablecoin or securing a revenue-sharing agreement with Circle, the issuer of USDC. Sources familiar with the matter say Polymarket is motivated by the opportunity to earn yield on stablecoin reserves currently held in USDC. At present, all trades on the platform are settled using USDC on the Polygon blockchain, creating consistent transaction flow and demand for the token. However, the interest generated from these reserves goes to Circle. By issuing a native Polymarket stablecoin, Polymarket could retain that income in-house.