Prediction market Myriad is transitioning to the USD1 stablecoin as its exclusive settlement asset while migrating its platform to BNB Chain.
The move will replace the platform’s current multi-chain structure with a single settlement layer designed to create a faster and more consistent trading environment.
“With over $5 billion in TVL and millions of active users, we needed a home that can sustain the incoming growth of our platform,”
Said Myriad Markets co-founder and president, Farokh Sarmad.
Myriad previously integrated USD1 earlier this year through its five-minute prediction markets, making it the first prediction market to use the stablecoin issued by World Liberty Financial.
The migration also supports Myriad’s shift from an automated market maker model to a central limit order book, enabling features such as limit orders, slippage controls and dynamic fees.
Alongside the transition, the platform is launching Season 3 with a redesigned leaderboard, new reward mechanics and the rollout of the Myriad Wallet with integrated payments through MoonPay.
Myriad said the updates aim to prepare the platform for the upcoming MYR ecosystem, where contributors providing liquidity, information and infrastructure may receive rewards once the system launches.
At the time of reporting, BNB price was $651.57.