Circle stock jumps on Polymarket deal as USDC shifts to “native” on Polygon
Circle shares rose nearly 14% to $57.04 after Polymarket announced it will switch its trading collateral from bridged USDC.e to Circle-issued native USDC on Polygon in the coming months. The move comes as U.S. regulators increase scrutiny of prediction markets. Circle reported 2024 revenue of $1.68 billion and net income of $156 million.