Circle Internet Group partnered with Polymarket, the world's largest prediction market. The agreement integrates native USDC as Polymarket's settlement infrastructure.
Polymarket will transition from bridged USDC on Polygon to the native token in the coming months. CEO Jeremy Allaire stated the partnership leverages USDC's utility and speed to enhance the user experience.
Despite the announcement, Circle stock (CRCL) set a new 52-week low. Shares traded as low as $51.52. A broader cryptocurrency market sell-off outweighed the partnership news.
Separately, Cathie Wood's Ark Invest continued purchasing CRCL shares the previous day.