EL7.AI
CryptoMediumUpdated×3•Originally published 6 April 2026•Updated 7 April 2026•
1 min read

Polymarket Launches New Stablecoin and Major Infrastructure Upgrade

Key Facts

1Polymarket announced the replacement of bridged USDC.e with a new 1:1 USDC-backed collateral token called Polymarket USD.
2The upgrade includes a rebuilt order book and upgraded smart contracts under CTF Exchange V2 to improve order matching speed.
3The upgrade and new token were launched on April 6, 2026, including support for smart contract wallets.

Polymarket, the leading prediction market now valued at $20 billion, has launched its largest infrastructure overhaul to date, introducing Polymarket USD as a native collateral token. This transition to CTF Exchange V2 marks a strategic shift from a retail-focused prediction market into a professional-grade trading venue. The technical upgrades are specifically tied to an intensifying push for regulatory compliance within the United States as the platform prepares for expansion. The new stablecoin is backed 1:1 by USDC, replacing the previous bridged USDC.e to enhance security and reliability. The rollout, which began on April 6, 2026, involves rebuilding the order book and optimizing smart contracts to boost liquidity and matching speeds. During the two-to-three-week transition period, existing order books will close temporarily to facilitate the technical migration and support for smart contract wallets.