Polymarket to swap bridged USDC.e on Polygon for native USDC via Circle partnership
Quick Take
- Bridged USDC.e currently supports the onchain prediction market’s trading activity, order placement, and settlements.
- Circle said it would roll out native Polymarket USDC in the “coming months.”
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Polymarket, the largest fully onchain prediction market, is rolling out a native version of USDC, replacing a bridged version of the popular stablecoin, according to an announcement with Circle on Thursday.
Polymarket, built on the Ethereum scaling solution Polygon, uses a bridged asset called USDC.e as its main payment method. The asset is used to support all trading activity, order placement, and settlements, and all deposits from other chains, like Ethereum, Solana, Arbitrum, and Base, are automatically swapped to USDC.e on Polygon.
Circle will introduce native Polymarket USDC in the "coming months."
"Polymarket has been at the forefront of innovation in marrying the speed of information with the speed of markets, and with the partnership we are building, we bring the utility and speed of USDC to provide the best possible experience for Polymarket users," Circle CEO Jeremy Allaire said in a statement.
USDC, the second-largest stablecoin, is natively issued on about 30 chains. In a 2026 roadmap, Circle CTO Nikhil Chandhok said the firm would be "deepening native support on high-impact networks," and boosting USDC’s interoperability.
Polymarket representatives have also previously hinted that the app could introduce a native POLY token. The Block reached out to Polymarket to see if the team is considering launching an application-specific Layer 2.
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