Polymarket Announces Major Upgrade: Revamping Matching Engine and Launching Native Stablecoin

BlockBeats news, on April 7, the on-chain prediction market platform Polymarket announced that it will undergo the "largest infrastructure upgrade since launch" in the next 2–3 weeks, including a complete overhaul of its trading engine and the introduction of the native stablecoin Polymarket USD. This upgrade will introduce a brand-new CTF Exchange V2 smart contract system, optimizing matching logic and order structure to improve matching efficiency and reduce gas costs. Additionally, the platform will upgrade its Central Limit Order Book (CLOB), adopting a hybrid model of off-chain order matching and on-chain settlement. On the asset side, Polymarket will launch a native stablecoin, Polymarket USD, pegged 1:1 to USDC, to replace the previous cross-chain version USDC.e on Polygon, enhancing asset security and consistency. Furthermore, the platform will support the EIP-1271 standard, enabling multi-signature wallets (such as Safe) to directly participate in transactions, further expanding use cases for institutional and advanced users. Polymarket stated that during the upgrade, existing order books will be cleared, and the specific maintenance schedule will be announced one week in advance. This upgrade comes amid intensified competition in the prediction market space, as the platform accelerates efforts to enhance performance and user experience.