Polymarket has partnered with Circle to migrate its platform from bridged USDC on Polygon to Circle-issued native USDC, marking a shift toward direct stablecoin settlement as prediction markets grow.
The transition will replace Polymarket’s current use of USDC.e with native USDC over the coming months, reducing reliance on cross-chain bridges and enabling one-for-one redemption with US dollars.
“Using USDC supports a consistent, dollar-denominated settlement standard that enhances market integrity and reliability as participation on the platform continues to grow,”
Said Polymarket founder and chief executive, Shayne Coplan.
The move means Polymarket collateral will be issued and redeemed directly by Circle rather than through bridged representations that introduce additional security and trust trade-offs.
Polymarket operates as an onchain prediction market where users trade event-based contracts using stablecoins, covering outcomes ranging from cryptocurrency prices to political events.
USDC is currently the second-largest stablecoin behind Tether’s USDt, with a market capitalisation of about $70.8 billion, according to DefiLlama data.
The partnership comes as prediction markets attract heightened attention from exchanges and regulators, amid concerns over insider trading risks and growing legal scrutiny in several US states.