"Polymarket's new collateral token, Polymarket USD, is designed specifically for the platform, functioning like a wrapped stablecoin and backed 1:1 by USDC. This change eliminates reliance on Polygon's bridged USDC.e, allowing Polymarket to have direct control over its prediction market outcome tokens."
"The CTF Exchange V2 upgrade introduces a simplified order structure, faster order matching, and support for EIP-1271 signatures, enhancing the trading experience for API traders and bot operators. This infrastructure change is the largest since Polymarket's launch."
Polymarket introduced Polymarket USD on April 6, 2026, replacing bridged USDC.e as collateral for prediction markets. This upgrade includes a rebuilt trading engine and CTF Exchange V2, which reduces gas costs and adds EIP-1271 support. The new collateral token is backed 1:1 by USDC and is not a tradable asset. Users will have their existing USDC or USDC.e automatically converted to Polymarket USD. The transition requires minimal action from users, ensuring a seamless upgrade process.
Read at news.bitcoin.com
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