The two companies have partnered to provide a better USDC experience in the on-chain financial market. The partnership specifically emphasizes settlement standards in on-chain financial markets. Integration of Native USDC will result in faster and more transparent settlement processes. Polymarket is moving from bridged USDC to native USDC on the Polygon network. This change also enables a capital-efficient and scalable crypto market infrastructure.
The move is a testament to the current momentum in digital asset infrastructure development. As a result, stablecoin settlement standards increasingly meet institutional-grade expectations. Circle’s regulated affiliates issue native USDC, redeemable one-to-one for U.S. dollars. This stablecoin model improves market reliability and operational scalability. Polymarket expects to complete the transition in the coming months.
Executive Statements on the Partnership
“The internet financial system driven by Circle platforms has been built to enable money and capital to work at the speed of the internet, with delightful consumer experiences,” said Jeremy Allaire, Co-Founder, Chairman, and CEO at Circle.
He said that USDC brings utility and speed in the user experience necessary for the growth of Polymarket. The leadership of Polymarket highlighted the benefits for market integrity.
“Circle has built some of the most critical infrastructure in crypto, and partnering with them is an important step in strengthening prediction markets,” said Shayne Coplan, Founder and CEO of Polymarket.
Industry Impact of the Collaboration
The partnership puts Polymarket on the same level as the world’s top financial organizations. Circle and Intercontinental Exchange provide a platform to set up the market standards on the blockchain. They also facilitate a transparent and scalable financial system on-chain. This partnership is an example of the involvement of stablecoins in a safe financial market infrastructure.
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News Source: Businesswire.com
