Polymarket unveils exchange revamp with new trading engine and native stablecoin
Crypto Briefing
Polymarket is launching a major infrastructure upgrade, including a new trading engine and a native stablecoin, to replace its existing USDC.e collateral.Summary
Polymarket has announced a significant platform overhaul, featuring a rebuilt trading engine and upgraded smart contracts to enhance efficiency and order matching. A key component of this transition is the introduction of Polymarket USD, a native stablecoin backed one-to-one by USDC, which will replace the currently used bridged USDC.e. The migration, which involves clearing order books and updating API integrations, aligns with the platform's broader efforts to transition to native USDC for better scalability. This infrastructure change occurs amidst increasing regulatory scrutiny of prediction markets and follows a major $600 million investment from the Intercontinental Exchange.
(Source：Crypto Briefing)