Summary
- Polymarket said it will introduce its own stablecoin, 'Polymarket USD,' to improve the platform’s payment and trading architecture.
- It said it will replace the existing bridge-based USDC with a new collateral-backed stablecoin, while also upgrading the trading engine and smart contracts.
- The infrastructure overhaul will be rolled out in phases over the coming weeks, aiming to improve execution speed and cut gas costs, and the market is watching its impact on the platform’s liquidity and trading structure.
Forecast Trend Report by Period
Prediction-market platform Polymarket will introduce its own stablecoin, 'Polymarket USD.' The move is aimed at improving the platform’s payment and trading architecture.
According to CoinDesk, a crypto-focused media outlet, on the 6th (local time), the company plans to replace the existing bridge-based USDC with the new collateral-backed stablecoin, Polymarket USD.
Polymarket said the change is "to transition to a safer and more efficient structure," adding that "upgrades to the trading engine and smart contracts will also be carried out."
It further explained that the upgrade will increase execution speed and reduce gas costs. The change was described as the largest infrastructure overhaul since the platform’s launch.
The upgrade will be rolled out in phases over the coming weeks. The market is watching how the introduction of an in-house stablecoin will affect the platform’s liquidity and trading structure.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
