Circle announced on Thursday, Feb. 5, that it has partnered with Polymarket, the largest on-chain prediction market by trading volume, to provide its U.S. dollar stablecoin settlement infrastructure.
The partnership focuses on integrating Circle’s stablecoin USDC as the primary collateral currency for trading on Polymarket. The prediction market, which operates on Polygon, currently uses Polygon Bridged USDC (USDC.E), but will move to native USDC “in the coming months.”
With a supply of $70.77 billion, Circle’s USDC is the second-largest stablecoin by market capitalization after Tether’s USDT.
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