Polymarket’s pUSD supply tops $500M less than two months after launch

The app-specific stablecoin rose from $213M on Apr 28, its launch day, to $509M, a pace the source describes as among 2026’s fastest stablecoin growth.

Summary

Polymarket’s native stablecoin, pUSD, has surpassed $500 million in circulating supply, climbing from $213 million on Apr 28, identified as its launch day, to $509 million today. That means the app-specific stablecoin more than doubled in less than two months, a trajectory the source characterizes as among the fastest growth rates for stablecoins in 2026. App-specific stablecoins are tokens designed primarily for use inside a single platform, where they can support trading, settlement, and on-platform liquidity.

Terms & Concepts
  • stablecoin: A token designed to maintain a stable value.
  • circulating supply: The amount of a token currently issued and available.
  • app-specific stablecoin: A stablecoin built mainly for use within one platform.