Polymarket announces major upgrade: restructuring the matching engine and launching a native stablecoin

BlockBeats message, April 7, the on-chain prediction market platform Polymarket announced that it will carry out a “largest infrastructure upgrade since launch” within the next 2–3 weeks, including a complete rebuild of the trading engine and the launch of its native stablecoin, Polymarket USD.

This upgrade will introduce a new CTF Exchange V2 smart contract system, optimize the matching logic and order structure, 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 layer, Polymarket will launch a native stablecoin, Polymarket USD, which is 1:1 pegged to USDC, to replace the previously cross-chain version USDC.e on Polygon, in order to enhance asset security and consistency.

In addition, the platform will support the EIP-1271 standard, allowing multi-signature wallets (such as Safe) to directly participate in trades, further expanding use cases for institutions and advanced users.

Polymarket said that during the upgrade, the existing order books will be cleared and that it will publish the specific maintenance window one week in advance. This upgrade comes amid intensifying competition in prediction markets, as the platform accelerates improvements to performance and user experience.