Polymarket's Overhaul: New Stablecoin, Fresh Order Books, and a Clean Slate for Bets
Screens across crypto trading floors lit up Monday as Polymarket dropped news of its biggest upgrade yet—a custom stablecoin and total order book wipe. Traders, brace for a smoothly swap that's anything but simple under the hood.
⚡ Key Takeaways
- Polymarket's swapping USDC.e for Polymarket USD, backed 1:1 by native USDC, for faster, cheaper trades. 𝕏
- All order books clear during upgrade, forcing a reset but promising a cleaner, scalable foundation. 𝕏
- This positions Polymarket for institutional money amid $20B valuation talks, echoing compliant stablecoin shifts in DeFi history. 𝕏
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Originally reported by PYMNTS
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