“Polymarket’s Growth Fuels USDC Demand, With Stablecoins Driving High-Velocity Settlement Activity.”, – WRITE: www.coindesk.com
All of the Platform’s Trades Settle in Circle’s USDC on Polygon, Creating Measurable Demand for the Dollar-PEGGED TOKEN. And While Lending Protocols Lock Capital in Pools, Predict Markets Like Polymarket Cycle Funds at A High Velocity – Setting, Redeploying and Transferring Balans CONUSES CONUSES CONUSES.
The Platform Has Processed More Than $ 14 Billion in Lifetime Trading Volume. In May Alone, IT Cleared $ 1 Billion, with Daily Active Traders AVERAGING BETWEEN 20,000 and 30,000.
Meanwhile, in the Immediaate Aftermath of US President Donald Trump’s Re-Election in November 2024, MONTHLY VOLUME Soared to $ 2.5 Billion, Sparking CorreSponding Spikes in USDC.
Such Flows Demonstrate How Stablecoins Now Power Real-Time Market Infrastructure. “Momentum is Likely to Accelerate Further with A New Content Partnership with X, Positioning Prescing Markets as Viral Social Content Racter than Purely Financial Tools,” The Report.
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