Altcoins News

Story: Polymarket Ditches USDC.e for Direct USDC-Backed Token Next Week

By Maheen Hernandez

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User Migration Process. Users need to switch their holdings. The transition from USDC.

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Regulatory and Technical Details. Compliance stays front and center. Polymarket is coordinating with relevant authorities to meet…

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Polymarket drops USDC.e completely. The decentralized prediction market platform said it's switching to a token backed directly by USDC starting next week, dumping the bridged…

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The move involves rolling out new smart contracts designed to handle the updated token setup.

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Users need to switch their holdings. The transition from USDC.e to the new USDC-backed token won't be automatic - traders have to move their funds manually using guides…

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Market watchers say dropping USDC.e shows how platforms now favor native stablecoin solutions over bridged alternatives.

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The company plans information sessions and detailed migration instructions for users who need help with the switch.

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Compliance stays front and center. Polymarket is coordinating with relevant authorities to meet legal requirements, though the company hasn't disclosed specific timelines for…

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The U.S. Securities and Exchange Commission recently intensified focus on stablecoin issuers, prompting platforms like Polymarket to beef up compliance measures.

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Polymarket's transition comes as the platform aims to solidify its position in the decentralized finance landscape.

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A Circle representative confirmed the collaboration: "We are working closely with Polymarket to ensure a smooth and efficient rollout of their new token infrastructure.

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Users are encouraged to stay informed through official channels as further announcements are expected in coming days.

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