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Polymarket’s Dilemma: To Stablecoin or Not to Stablecoin? That Is the Question

BBG News

In the dim rooms of thought where discussions linger like the last cigarette in an ashtray, Polymarket is pondering its own fate. A voice—familiar, perhaps tired—says they are contemplating whether to conjure a stablecoin of their own or to dance with Circle, the proud issuer of USDC, in a revenue-sharing waltz.

The idea whispers of money, as all things do in these days. Why not craft a dollar-peg that bears their mark? A token, like a child of the market, partly theirs to raise and partly to feed on the reserves now under Circle’s watchful eye. An income hidden behind a veil of digital tokens, much like the secret income of an absent landlord, collected but not acknowledged.

Decisions, Decisions—No Closure Yet

A shadow, perhaps a corporate spokesperson, confirms that no verdict has emerged from the muddle of internal debates. The company, treading the fine line of ambition and caution, weighs the charms of independence against the chaos of regulation and administration. It is always easier before the actual work begins—easier to dream of simple gains than to face the complex reality.

And then there’s the third route: a gentle sharing of the bounty with Circle, a partnership which might grant them a slice of the yield pie. A mere passive earning—no need to build stablecoins from the ground up, just an agreeable hand in the till, like a modest tip at the end of a hard day.

Hold on, Legislation Changes the Game

In this tale, the law has added a twist, a new script in the ongoing drama. The recent laws in America make stablecoins seem more like a promising harvest than a risky gamble. The regulators’ new stance offers a sweet allure: credibility, legitimacy, and perhaps a bit of fun at the expense of previous chaos. Tether, Circle, and others are laughing all the way to the bank, while Polymarket stands at the crossroads, pondering whether to join the parade or watch from the sidelines like a curiosity.

And so, the story continues—an attempt to turn a betting platform into a player in the stablecoin game, a transformation possibly as profound as turning a tallow candle into a chandelier. Time, like an uninvited guest, waits for no one, not even those with dreams of digital gold.

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2025-07-22 23:42

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