Polymarket Official Announcement: Rebuilding the Matching Engine and Launching Native Stablecoin

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Golden Finance reports that on April 7, Polymarket, an on-chain prediction market platform, announced that it will carry out the “largest infrastructure upgrade since going live” within the next 2–3 weeks, including a complete redesign of the trading engine and the launch of its native stablecoin, Polymarket USD. This upgrade will introduce an all-new CTF Exchange V2 smart contract system, optimize matching logic and order structures, improve matching efficiency, and reduce Gas costs. At the same time, the platform will upgrade the central limit order book (CLOB), adopting a hybrid model of off-chain order matching + on-chain settlement. On the asset side, Polymarket will launch a native stablecoin, Polymarket USD, that is 1:1 backed by USDC, to replace the previously cross-chain version USDC.e on Polygon, thereby improving asset security and consistency. In addition, the platform will support the EIP-1271 standard, enabling multi-signature wallets (such as Safe) to directly participate in transactions, further expanding institutional and advanced users’ use cases. Polymarket said that during the upgrade, the existing order book will be cleared, and it will publish the specific maintenance window one week in advance. This upgrade comes amid intensifying competition in prediction markets, as the platform accelerates efforts to improve performance and user experience.

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