Polymarket said it will roll out a full exchange upgrade over the next few weeks, replacing core trading infrastructure with a rebuilt trading engine, upgraded smart contracts, and a new collateral token called Polymarket USD.

The upgrade touches nearly every part of the trading stack.

According to Polymarket’s developer update, the new CTF Exchange V2 contract simplifies order structures, improves order matching, adds support for ERC 1271 signatures, and introduces builder codes for onchain order attribution.

The company also said it is releasing an updated CLOB client SDK that will handle the V1 to V2 switch automatically, though bot operators and integrations will need to move to the latest clients and re-sign orders using the new struct.

Polymarket is introducing a new token called Polymarket USD, backed 1:1 by USDC, and it will replace USDC.e, which is a bridged version and can be less safe and efficient.

This is by using its own token, Polymarket can make trading more stable, faster, and easier for users.

The platform is also upgrading its system to improve speed and performance, while trades will happen faster, prices will be closer between buyers and sellers, and the whole process will be simpler.

It will also support smart wallets better, making everything smoother and more user-friendly.

Polymarket is getting a big upgrade to make trading easier, and most users won’t have to do much, the platform will automatically switch their assets to Polymarket USD with a one-time approval.

Advanced traders and developers will need to take extra steps, like wrapping their assets and updating their tools.

During the upgrade, all order books will be cleared, but users will get a heads-up beforehand.

This comes as Polymarket hits new heights, with over $10 billion in monthly trading and a $600 million investment from Intercontinental Exchange, the parent of the New York Stock Exchange.

Polymarket is growing fast, and ready for more.

Polymarket’s latest upgrade is more than just faster performance, it’s a big strategy shift.

The platform may soon launch its own token, possibly called POLY, to let users help govern and verify market outcomes.

This would reduce reliance on outside systems and give Polymarket more control over what counts as “truth” in its markets.

The upgrade also supports Polymarket’s return to the U.S., now that it’s registered with the CFTC.

With better infrastructure and tighter control, Polymarket is moving from a crypto app to a full-fledged exchange.