New Collateral Token Gives Polymarket More Control

[nihalsari]

As part of its upgrade, Polymarket is introducing a new collateral token called Polymarket USD, replacing the previously used bridged asset USDC.e. The new token is fully backed 1:1 by USDC, offering greater stability and reducing reliance on cross-chain infrastructure.

This shift gives Polymarket more direct control over settlement processes and risk management. For users, the transition is expected to be seamless, requiring only a one-time approval through the platform—making the upgrade both technically significant and user-friendly.

[etfs]

yeah let’s just socially engineer the users if the code is too hard to break

[cryptohog]

“fully backed” tokens, definitely nothing to worry about there