Myriad will adopt USD1 on BNB Chain as its sole settlement currency

Myriad Prediction Market Embraces USD1 Stablecoin and BNB Chain

The prediction market platform Myriad is shifting to use World Liberty Financial's USD1 stablecoin as its sole settlement currency.

As part of this transition, Myriad—owned by Dastan, the parent company of Decrypt—is moving all of its prediction markets to the BNB Chain.

According to Myriad, this migration will deliver a more streamlined and efficient prediction experience, replacing the current fragmented multi-chain setup with a unified standard.

Farokh Sarmad, co-founder and President of Myriad Markets, described the move to BNB Chain as long overdue. He noted, “With more than $5 billion in total value locked and millions of active users, we needed an ecosystem robust enough to support our platform’s future growth.”

Earlier this year, Myriad became the first prediction market to adopt USD1, a stablecoin introduced by the Trump-supported DeFi platform World Liberty Financial, for its five-minute markets.

Farokh emphasized that partnering with USD1 was an obvious choice, calling it a leading stablecoin that will allow for deeper integration with the BNB Chain ecosystem.

The collaboration with USD1 sets the stage for Myriad’s shift from an automated market maker model to a Central Limit Order Book (CLOB). This upgrade will introduce new features such as slippage controls, limit orders, dynamic fees, and enhanced market data for users.

A CLOB system matches buy and sell orders based on price and time, enabling direct peer-to-peer trading. Farokh described this as the most significant update for Myriad, stating it will “unlock billions in trading volume and potentially expand our user base a hundredfold.”

Introducing Myriad Season 3

At the same time, Myriad is unveiling Season 3, which brings major enhancements across the platform.

The launch of Season 3 coincides with the full deployment of the Myriad Wallet. Designed for speed and efficiency, the wallet reduces approval steps and minimizes gas fees. With MoonPay as the official payment partner, users can quickly deposit funds in over a dozen currencies through a streamlined process.

Responding to community feedback, Season 3 features a revamped leaderboard and points system. Points are now awarded every week and are calculated using multiple performance metrics rather than a single factor.

These updates pave the way for Myriad’s integration into the MYR ecosystem. Contributors who provide liquidity, information, or infrastructure will be eligible for rewards once the system is live. “Season 3 will be pivotal for what’s ahead,” Farokh remarked. “Even if you missed out on previous seasons, there’s still plenty of opportunity to get involved!”