Polymarket Unveils USDC-Backed Collateral Token & Major Infrastructure Upgrade
Polymarket, the prediction market platform, has announced plans to launch a 1:1 USDC-backed collateral token as part of a major protocol overhaul. The new Polymarket USD will replace USDC.e, marking the platform's most significant infrastructure shift since its launch.
The transition includes a complete trading engine redesign aimed at delivering a seamless user experience, with automatic frontend wrapping for most traders. Advanced users will need to manually wrap assets via a dedicated smart contract function.
Simultaneously, Polymarket is deploying its upgraded CTF Exchange V2, which features optimized order matching and reduced gas fees. The revamped system streamlines order structures while maintaining full on-chain operational integrity.
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