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

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Golden Finance reports that on April 7, the on-chain prediction market platform Polymarket announced it will conduct a “largest-scale infrastructure upgrade since launch” within the next 2–3 weeks, including a complete rebuild of the trading engine and the launch of the native stablecoin Polymarket USD.
This upgrade will introduce a new CTF Exchange V2 smart contract framework, optimize the matching logic and order structure, improve matching efficiency, and reduce Gas costs. At the same time, the platform will upgrade the centralized limit order book (CLOB), adopting a hybrid model of off-chain order matching plus on-chain settlement.
On the asset side, 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 improve asset security and consistency.
In addition, the platform will support the EIP-1271 standard, enabling 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 period, the existing order book will be cleared and the specific maintenance window will be announced one week in advance. This upgrade comes amid intensifying competition in prediction markets, as the platform accelerates improvements to performance and user experience.

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