diff --git a/dbt_subprojects/daily_spellbook/models/_sector/stablecoins/polygon/stablecoins_polygon_balances.sql b/dbt_subprojects/daily_spellbook/models/_sector/stablecoins/polygon/stablecoins_polygon_balances.sql
new file mode 100644
index 00000000000..b6b967dd08a
--- /dev/null
+++ b/dbt_subprojects/daily_spellbook/models/_sector/stablecoins/polygon/stablecoins_polygon_balances.sql
@@ -0,0 +1,38 @@
+{{
+  config(
+    schema = 'stablecoins_polygon',
+    alias = 'balances',
+    materialized = 'incremental',
+    file_format = 'delta',
+    incremental_strategy = 'merge',
+    unique_key = ['day', 'address', 'token_address', 'blockchain'],
+    incremental_predicates = [incremental_predicate('DBT_INTERNAL_DEST.day')]
+  )
+}}
+
+with
+stablecoin_tokens as (
+  select distinct
+    symbol,
+    contract_address as token_address
+  from 
+    {{ source('tokens_polygon', 'erc20_stablecoins')}}
+)
+
+,balances as (
+    {{
+      balances_incremental_subset_daily(
+            blockchain = 'polygon',
+            token_list = 'stablecoin_tokens',
+            start_date = '2023-08-01'
+      )
+    }}
+)
+
+select
+    t.symbol
+    ,b.*
+from balances b
+left join stablecoin_tokens t
+    on b.token_address = t.token_address
+ 
\ No newline at end of file
diff --git a/dbt_subprojects/daily_spellbook/models/_sector/stablecoins/polygon/stablecoins_polygon_schema.yml b/dbt_subprojects/daily_spellbook/models/_sector/stablecoins/polygon/stablecoins_polygon_schema.yml
new file mode 100644
index 00000000000..dcf90cc30d7
--- /dev/null
+++ b/dbt_subprojects/daily_spellbook/models/_sector/stablecoins/polygon/stablecoins_polygon_schema.yml
@@ -0,0 +1,62 @@
+version: 2
+
+models:
+  - name: stablecoins_polygon_balances
+
+    meta:
+      blockchain: polygon
+      sector: stablecoin
+      project: stablecoin
+      contributors: synthquest
+
+    config:
+      tags: ['stablecoin', 'balances']
+    description: "Balances of stablecoin token holders"
+    data_tests:
+      - dbt_utils.unique_combination_of_columns:
+          combination_of_columns:
+            - day
+            - address
+            - token_address
+    columns:
+    - &blockchain
+      name: blockchain
+      description: "Blockchain for the token"
+    - &symbol
+      name: symbol
+      description: "Symbol for the token"
+    - &version
+      name: version
+      description: "Version of the token"
+    - &day
+      name: day
+      description: "Date on which the token balance is logged"
+    - &address
+      name: address
+      description: "Address for the token holder"
+    - &token_symbol
+      name: token_symbol
+      description: "Symbol for the token"
+    - &token_address
+      name: token_address
+      description: "Address for the token"
+    - &token_standard
+      name: token_standard
+      description: "Standard for the token"
+    - &token_id
+      name: token_id
+      description: "ID for the token"
+    - &balance
+      name: balance
+      description: "Balance for the user"
+    - &balance_usd
+      name: balance_usd
+      description: "USD value of balance for the user"
+    - &last_updated
+      name: last_updated
+      description: "UTC timestamp when data was last updated"
+    - &next_update
+      name: next_update
+      description: "UTC timestamp when data is next updated"
+
+ 
\ No newline at end of file