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 Mints $1 Billion USDC on Solana as On-Chain Dollar Demand Grows
Circle's recent $1 billion USDC mint on Solana indicates rising demand for stablecoins, highlighting Solana's growth in on-chain financial activities. This event suggests increased liquidity and a shift towards digital dollars in crypto markets.
CryptometerIo2h ago
White House CEA: Banning stablecoin yields will have little to no impact on community banks; USDC rewards can still be profitable
The White House Council of Economic Advisers released a report stating that prohibiting crypto companies from offering stablecoin yield will have a negligible impact on community banks, with traditional loan growth of only 0.02%. The report said the ban deprives consumers of competitive returns and reflects tensions between the crypto industry and banking. The conclusion differs significantly from the risks warned by the Community Bankers Association, and could have potential effects on the market and investors.
GateNews6h ago
Swiss Franc Stablecoin Rolls Out Faster: UBS Group, Sygnum Bank, and Other Institutions Enter the Game
Several Swiss financial institutions jointly launched a Swiss franc stablecoin sandbox test, aiming to build a blockchain-based digital settlement layer and promote stablecoin payments and asset transfers. This project is subject to regulation and will continue until 2026, to accumulate experience for future commercialization. This move strengthens Switzerland’s competitive edge in the digitization of finance and indicates that the global financial system is evolving toward “on-chain” development.
GateNews7h ago
USD Coin trading volume surges 95%! Circle executives meet with the Bank of Korea in a flurry of meetings as the stablecoin battle escalates
In 2026, the Korean crypto market will see significant changes, with USD Coin trading activity surging, reflecting growing demand for dollar-pegged stablecoins. Circle’s CEO will visit South Korea to discuss stablecoin use cases and partnerships with multiple banks. At the same time, South Korean regulators are strengthening stablecoin legislation, laying the groundwork for the digital asset market.
GateNews8h ago
A multisig wallet has purchased SKY with 5M USDC via a TWAP method over the past 2 months.
A multisig wallet on a certain chain is purchasing SKY every hour via CoW Swap, with a planned total investment of 5,000,000 USDC units. Half has been executed so far, costing 2,431,000 USDC units.
GateNews13h ago
