Polymarket drops USDC.e for USDC-backed token in exchange overhaul

Polymarket has announced the replacement of its USDC.e token with a new USDC-backed token as part of a significant overhaul of its exchange platform. This change aims to enhance liquidity and improve user experience. The decision comes as Polymarket seeks to adapt to regulatory challenges and market demands. Users will be able to convert their existing USDC.e tokens to the new USDC-backed token seamlessly. The update is part of Polymarket's broader strategy to strengthen its position in the competitive crypto market.

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