Prediction market platform Polymarket has unveiled its own stablecoin, ‘Polymarket USD,’ as it prepares a near-term overhaul of its trading and settlement infrastructure—an internal shift that lands as stablecoin issuer Circle faces renewed scrutiny over its response time during a major exploit tied to Solana-based decentralized exchange Drift. Together, the two developments are refocusing attention on ‘trust’ and ‘execution risk’ in stablecoin plumbing, particularly when real-time settlement collides with compliance obligations.
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