TLDR Polymarket is rolling out what it calls its “biggest change to date” with a rebuilt trading engine and upgraded smart contracts The platform is launching its own stablecoin called Polymarket USD to replace the bridged USDC.e token it currently uses Polymarket USD will be backed 1:1 by Circle’s USDC stablecoin All open orders on the platform will need to be cancelled during the transition, with traders getting a few days notice A native POLY token has been confirmed but has no launch date, with prediction markets putting odds of a May launch at just 11%
Polymarket, the leading on-chain prediction market platform, is preparing to roll out a sweeping upgrade to its core infrastructure over the coming weeks.
The company announced the changes on X, describing the overhaul as its “biggest change to date.” The upgrade includes a rebuilt trading engine, new smart contracts, and a brand-new stablecoin called Polymarket USD.
We’ve heard your feedback, and we’re excited to announce Polymarket is getting a full exchange upgrade.
Over the next few weeks, we’re rolling out a rebuilt trading engine, upgraded smart contracts, and a new collateral token (Polymarket USD) to move off USDC.e.
— Polymarket (@Polymarket) April 6, 2026
The new stablecoin will replace the platform’s current collateral token. Until now, Polymarket has used USDC.e on Polygon, which is a bridged version of Circle’s USDC stablecoin.
Polymarket USD will be backed 1:1 by Circle’s USDC. The shift to a proprietary stablecoin sparked immediate speculation among users about possible yield opportunities for those holding funds on the platform.
Some observers also suggested the move could lead to a large revenue increase for the company itself.
What the Upgrade Means for Traders
The transition will require all open orders on the platform to be