Polymarket Announces Major Upgrade: Refactors Matching Engine and Introduces Native Stablecoin

BlockBeats News, April 7th: 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 comprehensive redesign of the trading engine and the launch of the native stablecoin Polymarket USD.

This upgrade will introduce a brand-new CTF Exchange V2 smart contract system, optimize matching logic and order structure, improve matching efficiency, and reduce Gas costs. Additionally, the platform will upgrade the Central Limit Order Book (CLOB) using a hybrid model of off-chain order matching and on-chain settlement.

At the asset level, Polymarket will introduce the Polymarket USD native stablecoin, 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 multisig wallets (such as Safe) to participate directly in trading, further expanding institutional and advanced user use cases.

Polymarket stated that existing order books will be cleared during the upgrade period, and the specific maintenance time will be announced one week in advance. This upgrade comes as competition in the prediction market intensifies, with the platform accelerating performance improvement and user experience.