Polymarket Launches Native USDC-Backed Stablecoin in Major Platform Overhaul
Polymarket, a blockchain-based prediction market platform, has rolled out its most significant infrastructure overhaul to date. The upgrade includes a rebuilt trading system and the introduction of Polymarket USD, a native stablecoin backed 1:1 by USDC. This move aims to enhance performance, reduce cross-chain risks, and streamline settlements.
The revamped architecture features new smart contracts and an improved central limit order book, promising faster execution, tighter spreads, and better efficiency. Polymarket's shift from bridged assets like USDC.e to its proprietary stablecoin reflects a strategic pivot toward greater control and scalability as it targets U.S. growth.
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