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.
"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."
Read at news.bitcoin.com
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