Polymarket Upgrades Exchange, Launches Native Stablecoin

Prediction market Polymarket is undergoing a significant exchange upgrade, including the introduction of a new native stablecoin, Polymarket USD, backed 1:1 by USDC. This strategic move aims to enhance control over trading, settlement, and liquidity by reducing reliance on bridged stablecoins and mitigating associated risks. The platform is also preparing for a U.S. expansion, having registered with the CFTC and achieving a valuation exceeding $20 billion. Future plans may include a POLY token for governance and dispute resolution, potentially shifting truth-finding mechanisms in-house.