Polymarket has introduced pUSD, a new digital currency built on the Polygon network. pUSD is backed by USDC and designed to lower transaction costs and prevent failed trades, utilizing thoroughly checked CTFv2 smart contracts.
Polymarket is updating its system on Polygon to include a new currency called pUSD, which stands for Polymarket USD.
This update aims to make trading more efficient, reduce fees, and streamline balance management. While your day-to-day experience won’t change, the system will be updated with a new method for handling collateral.
Introduction of pUSD as Collateral Token
Polymarket USD, or pUSD, is a new ERC-20 token built on the Polygon network.
pUSD serves as the security for the platform and is entirely supported by USDC. When users deposit USDC, it’s displayed as pUSD within the system.
These balances can be converted back to USDC at any time during withdrawal.
Polymarket is updating its system and launching pUSD, a new token on Polygon. pUSD will be fully backed by USDC, meaning every pUSD token is guaranteed to be worth one USDC.
The upgrade aims to lower gas costs and failed trades while optimizing order management. CTFv2…
— Wu Blockchain (@WuBlockchain)
The platform explained that pUSD is a technical layer that operates behind the scenes.
Users won’t notice any changes to how they deposit, trade, or withdraw funds. The company explained that the upgrade is happening behind the scenes – it’s a technical improvement that doesn’t affect how users interact with the platform.
This token isn’t based on complex computer programs or lending out more than exists. Each pUSD token is directly backed by an equivalent amount of USDC held securely within the system.
The smart contract ensures that pUSD is properly backed and handles withdrawals. This system is designed to keep the value of pUSD directly tied to USDC at all times.
Improved Trading Efficiency and Lower Costs
This update addresses issues with unsuccessful trades and expensive transaction costs. Polymarket announced it will fix problems caused by how transaction numbers are handled.
Previous versions of the platform experienced problems, but this new system minimizes those errors and makes trading more dependable.
Gas costs are also expected to decrease due to more efficient contract libraries.
The company highlighted that users can easily switch over to the new system with just one click. This simple process makes the transition fast and smooth.
— Polymarket (@Polymarket)
The platform has changed how fees work. Instead of being calculated when you place an order, fees are now figured out when your trade actually goes through.
This update fixes some rare issues that were causing problems with how the system ran. Users should now have a more reliable and seamless experience when completing transactions.
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Contract Security and System Architecture Changes
Polymarket confirmed that its CTFv2 contracts have been audited by Cantina and Quantstamp.
The company is having its smart contracts checked for security and dependability. They also intend to make the contract code available to everyone and offer rewards to anyone who finds and reports bugs.
The updated system handles orders differently. Instead of using on-chain nonces, it now tracks them with timestamps and digital signatures.
This method reduces issues tied to nonce invalidation and improves order tracking.
The main order book is also being updated, and the system now has fewer issues with conflicting balance checks.
These changes are designed to make trading more reliable. The platform reports that they should result in fewer failed trades and a more consistent experience.
Polymarket confirmed it is still handling all transactions using USDC. This helps the platform grow and keeps it in line with common industry practices.
This update merges our current system with the new pUSD technology to streamline how we work behind the scenes, all without affecting what you see or how you use our services.
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2026-04-11 20:09