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It is rumored that Polymarket is considering issuing its own stablecoins to control the reserve revenue of platform USDC

According to online reports, according to people familiar with the matter, crypto prediction market platform Polymarket is evaluating the possibility of launching its own stablecoin in order to control the benefits brought by the high reserve funds supported by Circle's USDC. Currently, the platform has not yet made a final decision and is also weighing options for reaching a revenue sharing agreement with Circle. Since the Polymarket ecosystem is closed, it only needs to realize the exchange between USDC and its customized stablecoins, and there is no need to face the compliance problem of "depositing money and withdrawing money", making issuing stablecoins more technically and registratively feasible. With the recent passage of legislation related to stablecoins in the United States, the issuance of stablecoins has become a new profit point in the eyes of crypto companies and traditional financial institutions. During last year's U.S. election, the Polymarket platform bet reached US$8 billion, with 15.9 million visits in May. The company is currently returning to the U.S. market by acquiring U.S. exchange QCEX. Previously, Polymarket was subject to civil and criminal investigations for allowing U.S. users to place bets, and the case has now been closed.

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