# Polymarket will rebuild its core engine, introduce a hybrid CLOB, and launch Polymarket USD, a USDC‑backed stablecoin on Polygon.

*fintech · news · 2026-04-06 · Crypto News*

## Key points

- Polymarket will rebuild its core engine and launch Polymarket USD, a USDC-backed stablecoin on Polygon.
- Polymarket's new CTF Exchange V2 introduces a hybrid CLOB with off-chain matching and on-chain settlement.
- All existing order books will be cleared during migration, with users getting at least one week's notice.
- Polymarket USD replaces bridged USDC.e, automatically converting deposits from multiple networks to stablecoin.
- Support for EIP-1271 enables DAOs and multi-sig smart contract wallets to participate directly in trading.

**Companies:** Intercontinental Exchange, Polymarket
**Countries:** United States

[Read the full story on Crypto News](https://crypto.news/polymarket-to-rebuild-engine-launch-native-dollar-stablecoin/)

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