# pUSD,

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🔁 Polymarket plans to update its protocol and introduce the #pUSD, ERC-20 token on Polygon, fully backed by #USDC. . The goal of the update is to reduce gas costs and the number of failed transactions, as well as to optimize order management. The CTFv2 contracts are undergoing audits at Cantina and Quantstamp; the smart contract source code will be published openly next week along with a bug bounty program.
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