Polymarket has announced a partnership with USDC, stating that user balances on its platform will soon be backed 1:1 by U.S. dollars. The company shared this update on X, indicating that further details will be provided in the near future. According to OKX market data, USDC currently has a market capitalization of approximately $70.81 billion, with a circulating supply of about 70.69 billion. This partnership aims to enhance the stability and trust in Polymarket's user balances by aligning them with the widely used stablecoin.