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Polymarket plans to fully upgrade the trading engine and launch the native stablecoin Polymarket USD
Odaily Planet Daily News: On-chain prediction market platform Polymarket announced that it will carry out a major upgrade to its trading system within the next 2–3 weeks, including rebuilding the trading engine, rolling out a brand-new order book structure, and introducing the native stablecoin Polymarket USD.
The core of this upgrade is the launch of Polymarket CTF Exchange V2. This version will optimize matching efficiency, reduce the operations required for order validation and matching, and lower Gas costs. At the same time, the new order data structure will streamline the number of fields, improving overall execution efficiency. V2 will also introduce an upgraded central limit order book (CLOB), combining an off-chain order book with an on-chain execution mechanism.
On the asset side, Polymarket will launch Polymarket USD, supported 1:1 by USDC, gradually replacing the currently used cross-chain asset USDC.e. This change is intended to reduce users’ security concerns about non-official bridged assets.
In addition, the platform will support the EIP-1271 standard, enabling smart contract wallets (such as multisig wallets) to directly participate in trading. During the upgrade period, the existing order books will be cleared and will temporarily enter a maintenance window.
Polymarket said this is the largest-scale upgrade since it went live, coming as platform user growth is occurring alongside intensifying competition from Kalshi, Coinbase, Crypto.com, and others. (The Block)