Polymarket Launches Stablecoin, Overhauls Trading System
BeInCrypto
Polymarket is upgrading its platform with a new Polymarket USD stablecoin, a rebuilt trading engine, and improved smart contracts for better performance.Summary
Polymarket is initiating a major platform upgrade designed to increase speed, reliability, and trading efficiency. Central to this update is the introduction of "Polymarket USD," a new stablecoin backed 1:1 by USDC that will replace USDC.e.
In addition to the token transition, the platform is overhauling its trading infrastructure by implementing a new order book system and updated smart contracts. While most users will experience an automated transition, advanced traders may need to manually convert funds. The update includes a brief maintenance window to clear existing order books, ultimately aiming to support higher trading volumes and a more structured, exchange-like environment.
(Source：BeInCrypto)