Polymarket unveils stablecoin in major upgrade

Polymarket is rolling out its largest upgrade to date, introducing a new order book, upgraded smart contracts and a native stablecoin to improve trading performance.

The platform will replace its existing bridged collateral with Polymarket USD, a stablecoin backed 1:1 by USDC, as part of efforts to streamline its infrastructure.

“We've heard your feedback, and we're excited to announce Polymarket is getting a full exchange upgrade,”

The company said.

The overhaul is expected to deliver faster execution, lower gas costs and a more efficient trading engine for users.

As part of the transition, all open orders will be cancelled during the rollout, with advance notice provided to traders ahead of the change.

The upgrade may require adjustments for advanced users, including bot traders who will need to update integrations to work with the new order book.

Polymarket also confirmed plans for a native token, POLY, though timelines remain uncertain as the platform expands its ecosystem and infrastructure.