Polymarket Unveils Exchange Overhaul, Native Stablecoin as U.S. Expansion Looms
By Micah Zimmerman
Polymarket is rolling out a major exchange overhaul featuring a rebuilt trading system, new smart contracts, an updated central limit order book, and a native stablecoin called Polymarket USD backed 1:1 by USDC to replace bridged USDC.e. The upgrade aims to improve execution speed, liquidity, and reduce cross-chain risks amid surging volumes exceeding $10 billion monthly and a $600 million investment from Intercontinental Exchange. It signals preparations for U.S. expansion and potential future native token like POLY.
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