Prediction market platform Polymarket said on X that user funds will soon be backed 1:1 by U.S. dollars through a collaboration with stablecoin issuer USDC.
Polymarket, a decentralized prediction market platform, announced via X (formerly Twitter) that it will partner with USDC (a U.S. dollar–pegged stablecoin issued by Circle) to ensure its user balances are fully backed by U.S. dollars on a one-to-one basis. Further details are expected soon. According to OKX market data, USDC currently has a market capitalization of about $70.81 billion and a circulating supply near 70.69 billion tokens, positioning it as one of the largest stablecoins globally.