Circle and Polymarket partner to bring native USDC settlement to prediction markets
Circle Internet Group announced a partnership with Polymarket aimed at strengthening dollar-denominated settlement infrastructure on the prediction market platform.
As part of the agreement, Polymarket will migrate from Bridged USDC (USDC.e) on Polygon to native USDC in the coming months, reports BusinessWire.
Native USDC is issued by Circle’s regulated affiliates and is redeemable one-to-one for U.S. dollars, offering a more capital-efficient and scalable settlement layer. The transition is designed to support Polymarket’s rapid growth and increasing trading volumes. Circle said the move aligns the platform more closely with institutional standards for transparency and reliability. The partnership reflects a broader shift toward regulated stablecoins as core infrastructure in onchain markets. It also positions USDC as a default settlement asset for prediction markets as they mature.
Stablecoins as institutional-grade market infrastructure
Circle CEO Jeremy Allaire said the collaboration brings the utility and speed of USDC to a platform that already combines real-time information with real-time markets. He framed the partnership as part of Circle’s broader mission to enable internet-scale financial activity with familiar dollar settlement. Polymarket founder and CEO Shayne Coplan echoed that view, saying USDC provides a consistent and reliable settlement standard as participation grows.
By using native USDC, Polymarket aims to reduce operational complexity and improve capital efficiency for traders. The move also eliminates reliance on bridged assets, which can introduce additional risks and frictions. Both companies emphasized that predictable, dollar-based settlement is critical for market integrity. As prediction markets attract more sophisticated participants, infrastructure choices are becoming increasingly strategic.
Prediction markets converge with traditional finance standards
Circle’s involvement places it alongside other established market-infrastructure players Polymarket works with as it builds toward an institutional-grade model. Polymarket said it is taking a long-term approach similar to traditional exchanges, focusing on transparency, resilience and regulatory alignment. The partnership highlights growing momentum behind integrating payment stablecoins into regulated onchain financial systems. Stablecoins like USDC are increasingly viewed as bridges between traditional finance and internet-native markets.
For prediction markets, reliable settlement is essential as volumes and public attention rise. Circle said the collaboration demonstrates how blockchain-based platforms can adopt established financial standards without sacrificing speed. Together, the companies see the move as part of a broader evolution toward trusted, global, onchain financial infrastructure.
Recently we wrote that Crypto.com has spun out its prediction markets business into a standalone platform called OG, marking a strategic expansion into a fast-growing segment of financial markets.
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