Polymarket plans to upgrade its trading system and launch the native stablecoin Polymarket USD
Foresight News reports that the prediction market platform Polymarket will implement a major upgrade to its trading system in the coming weeks, including a restructured trading engine, a new order book architecture, and the introduction of its native stablecoin, Polymarket USD. The core of this upgrade is the launch of Polymarket CTF Exchange V2, which will optimize matching efficiency, reduce the operations required for order verification and matching, and lower Gas costs. Additionally, the new order data structure will streamline the number of fields, improving overall execution efficiency. V2 will also introduce an upgraded Central Limit Order Book (CLOB), combining off-chain order book and on-chain execution mechanisms.
On the asset side, Polymarket will launch Polymarket USD, backed 1:1 with USDC, which will gradually replace the currently used cross-chain asset USDC.e. In addition, the platform will support the EIP-1271 standard, allowing smart contract wallets (such as multi-signature wallets) to participate directly in trading. During the upgrade, the existing order book will be cleared and will briefly enter a maintenance window.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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