Circle and Polymarket agree to move Polymarket settlement to native USDC

Circle and Polymarket announced a partnership under which Polymarket will switch its trading collateral from bridged USDC.e on Polygon to Circle-issued native USDC. The switch is expected over the coming months, and native USDC would become the sole settlement asset for Polymarket trading. The release gave no volume or fee figures.

• Polymarket currently uses bridged USDC.e on Polygon as trading collateral
• Migration to native USDC expected over the coming months, with no fixed date
• Native USDC is redeemable 1:1 for U.S. dollars, per the release