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
USDC Circulation Decreases by 700M in 7 Days to 78B; Reserves Stand at 78.2B
Gate News message, April 25 — In the seven days through April 23, Circle issued approximately 5.1 billion USDC while redeeming about 5.8 billion, resulting in a net decrease of 700 million USDC in circulation. Total USDC circulation stands at 78 billion, backed by approximately 78.2 billion in
GateNews56m ago
OSL Group and Circle Partner to Expand USDC Access Across Trading and Payment Platforms
Gate News message, April 24 — OSL Group (HKEX: 863), a global stablecoin payment and trading platform, announced a partnership with Circle (NYSE: CRCL), a leading financial platform company, on April 22 to expand USDC access across OSL's payment and trading ecosystem.
Through OSL Global, OSL's
GateNews16h ago
Major CEX Launches Crypto Payment Card on Mastercard Network in Australia, Enabling USDC Payments
Gate News message, April 24 — A leading centralized exchange has launched a crypto payment card in Australia, partnering with Mastercard and Immersve to enable crypto-backed payments at merchants accepting Mastercard, including Google Play and Apple Pay. The service supports USDC and 37 USDC
GateNews17h ago
Circle Mints 500M USDC on Solana in Two Transactions
Gate News message, April 24 — Circle, the stablecoin issuer, just minted 500 million USDC on the Solana blockchain, according to on-chain data.
The minting was completed in two separate transactions, each involving 250 million USDC.
GateNews20h ago
Bermuda Bay ZK Enables Private Yield Farming on USDC via Morpho Integration
Gate News message, April 24 — Bermuda Bay ZK introduced a zero-knowledge privacy solution that embeds confidentiality features directly into blockchain infrastructure, including wallets, stablecoins, liquidity pools, and DeFi protocols. Unlike traditional approaches relying on separate privacy
GateNews21h ago
OSL Group Partners with Circle to Expand USDC Access Across Trading and Payment Platforms
Gate News message, April 24 — OSL Group (HKEX: 863), a global stablecoin payment and trading platform, announced a partnership with an affiliate of Circle Internet Group, Inc. (NYSE: CRCL) on April 22 to expand USDC access across its payment and trading platforms.
Through OSL Global, users can conv
GateNews23h ago
