Polygon to Migrate Prediction Market Settlement to Circle-Issued USDC

Circle Internet Group has partnered with Polymarket to transition the prediction market’s settlement infrastructure to native USDC, replacing bridged stablecoin collateral used for trading on its platform.

According to Thursday’s announcement, Polymarket currently uses bridged USDC (USDC.e) on Polygon as trading collateral and plans to migrate to Circle-issued native USDC (USDC) over the next few months. Native USDC is issued by Circle’s regulated entities and can be redeemed one-for-one for US…