Polymarket Partners with USDC for Full Dollar Backing

Polymarket has announced a new partnership with USDC, aiming to ensure that user balances are fully backed 1:1 by U.S. dollars. According to NS3.AI, this move is part of Polymarket's strategy to enhance trust and transparency within its platform. USDC currently has a market capitalization of approximately $70.81 billion, with a circulating supply close to 70.69 billion coins. Polymarket plans to release more details about the backing and partnership in the near future.