Circle Internet Group has partnered with Polymarket, the world's largest prediction market, to establish native USDC as the platform's primary settlement asset. Polymarket will migrate from the bridged version of the stablecoin (USDC.e) on the Polygon network to native USDC in the coming months. This transition aims to enhance capital efficiency and eliminate technical risks inherent to bridged tokens.
Industry experts view the integration as a critical de-risking event that provides a direct, regulated dollar instrument for users. This move is expected to attract significant institutional participation to the prediction market. The partnership strengthens the broader USDC ecosystem and reinforces its position as a core asset in on-chain finance.
Following these developments, an analyst report on February 9th upgraded CRCL stock to a Strong Buy rating. The report highlighted long-term growth tailwinds for Circle resulting from these strategic integrations.