Crypto06 April, 20261 min read
Polymarket Launches Full Exchange Upgrade and Native USDC-Backed Stablecoin
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Polymarket unveils a full exchange upgrade with rebuilt trading engine and upgraded contracts. Native USDC-backed collateral token replaces bridged USDC.e for on-chain settlement.
Full Exchange Overhaul
Polymarket announced a comprehensive exchange upgrade including a rebuilt trading engine and a new USDC-backed collateral token. The upgrade aims to reduce bridge-related risk and give Polymarket tighter control over settlement and liquidity.
CTF Exchange V2 optimizes trade matching and adds support for EIP-1271 signatures. Most users will experience a seamless transition with a one-time approval prompt.
Scaling for Growth
The overhaul arrives as Polymarket processes record volumes, crossing $10 billion in monthly volume. The upgrade reflects a shift away from bridged dollar rails toward native settlement assets.
The new CLOB is designed to deliver faster execution and tighter spreads. Polymarket is preparing for a major U.S. expansion after registering with the CFTC.
User Impact and Developer Changes
All existing order books will be cleared during a short maintenance window. Developers will need to update SDKs and re-sign orders.
The new token is not tradable or speculative; it functions like a wrapped stablecoin. The upgrade is designed to be seamless for everyday participants.