Polymarket, a crypto prediction platform, is thinking about creating its own stablecoin. Why? Right now, they use USDC (a popular stablecoin) for transactions, but the reserves backing those deposits earn interest—and Polymarket wants to keep that revenue for itself instead of letting it go to USDC’s issuers. This isn’t just about them—it’s part of a bigger shift where crypto platforms are trying to bring more financial operations in-house, especially in their own ecosystems.

Editor’s Note: Stablecoins are usually seen as boring infrastructure, but this move shows how competitive the space has gotten. If Polymarket rolls out its own stablecoin, it could mean more control (and profit) for them—but also more fragmentation in the crypto economy. For users, it might not change much day-to-day, but it’s another sign that platforms are clawing back power from third-party providers. Keep an eye on whether others follow suit.