February 6 News, leading prediction market platform Polymarket announced a partnership with Circle to officially launch the migration plan from the bridged version USDC.e to native USDC on Polygon. This adjustment will be implemented in phases over the coming months with the goal of optimizing settlement structures, reducing systemic risk, and enhancing overall trading stability.
In the past, most DeFi platforms relied on cross-chain bridges to facilitate stablecoin circulation, but bridging itself involves complex smart contracts and external verification networks, which have long been considered high-risk components. Data shows that since 2020, DeFi has suffered over $2 billion in asset losses due to bridge vulnerabilities. This switch to native USDC means the platform will no longer depend on third-party bridging mechanisms, fundamentally reducing potential attack surfaces.
Unlike bridged assets, Polygon native USDC exists directly on the chain without the need for intermediary or locked mapping. This structure not only reduces operational layers but also shortens the fund settlement path, making transactions more efficient and controllable. For prediction markets, the security and liquidity efficiency of stablecoins are core fundamentals, and this migration will significantly improve Polymarket’s settlement reliability.
The community generally views this decision positively. Some users believe that the introduction of native USDC will improve capital turnover speed while reducing uncertainties caused by smart contract vulnerabilities or cross-chain failures. Industry analysts point out that more and more DeFi projects are shifting to native assets to replace bridged tokens, which has become an important direction for infrastructure upgrades.
Through its partnership with Circle, Polymarket not only strengthens its settlement system but also provides a replicable security pathway for DeFi platforms relying on cross-chain assets. As native stablecoins gradually replace bridged assets, the risk structure of prediction markets and the entire DeFi ecosystem is expected to continue optimizing.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Circle Issues Additional 1 Billion USDC in 24 Hours
Gate News message, Circle(@circle) has issued another 1 billion USDC in the past 24 hours. According to Lookonchain, Circle(@circle) issued another 250 million USDC 4 hours ago. Over the past month, Circle has issued a total of 10.25 billion USDC on Solana.
GateNews3h ago
Circle CEO plans to visit South Korea next week to meet with banks and exchanges, pushing for USDC adoption
Circle CEO Jeremy Allaire plans to visit South Korea in April to meet with executives from multiple banks and exchanges to discuss USDC use cases, international payments cooperation, and its KRW stablecoin plans, with the goal of expanding USDC’s use in the Korean market.
GateNews7h ago
Circle accelerates minting of 3.25B USDC, breaking Solana's weekly record
In early April, Circle minted $3.25 billion USDC on the Solana blockchain, setting the largest single-week issuance record since 2026, indicating rising DeFi activity and demand for institutional capital inflows. As a liquidity medium, USDC supports trading and lending across the Solana ecosystem, and its huge coin-minting volume also underscores Solana’s important role in stablecoin settlement. Analysis suggests that the flow of funds will affect market impact strength.
MarketWhisper15h ago
Several Korean financial institutions are piloting stablecoin payments through foreign users, laying the groundwork for infrastructure in advance
Due to delays in the legislation of the Digital Asset Basic Act, several financial institutions in South Korea have launched stablecoin payment services for foreign users, building infrastructure. Industry analysis says that such services are like a “regulatory sandbox,” helping companies validate their business models.
GateNews15h ago
Circle Redeems $550M USDC on Solana in 12 Hours, Issues $10.19B in Past Month
Gate News message, Circle redeemed $550 million USDC on Solana within a 12-hour period. Over the past 30 days, Circle has issued $10.19 billion in USDC on the Solana blockchain.
GateNews16h ago
Polymarket Major Upgrade: Phasing Out USDC.e, Launching Native Collateral Tokens
The prediction market platform Polymarket will undergo a full rebuild, launching a new collateral token, “Polymarket USD,” to replace the existing USDC.e, in order to enhance its control over the settlement layer and comply with regulatory requirements. The upgrade will affect users’ trading workflows: ordinary users can complete the conversion automatically, while advanced users must do it manually. This move is intended to strengthen management of market manipulation and to promote a shift toward compliance.
MarketWhisper17h ago
