Polymarket to introduce its own stablecoin, Polymarket USD

Prediction market platform Polymarket announced via its official X account that it is introducing a new collateralized stablecoin, Polymarket USD. The company stated that while the platform currently uses bridged USDC, it is introducing Polymarket USD to transition to a safer and more efficient structure. Polymarket added that it is also improving its trading engine and smart contracts to increase execution speed and reduce gas costs. The upgrades will be rolled out in phases over the next few weeks, representing what the company described as its largest infrastructure change since launch.