Myriad to Use USD1 on BNB Chain as Exclusive Settlement Asset

Prediction market Myriad is transitioning to World Liberty Financial’s USD1 stablecoin as its exclusive settlement asset.

As part of the move, Myriad, owned by Decrypt’s parent company Dastan, is migrating its entire prediction market catalog to BNB Chain.

The move will result in a “faster, simpler, and more consistent prediction environment,” according to Myriad, replacing the current fragmented multi-chain experience with a single, unified standard.

Myriad’s migration to BNB is “long overdue,” said Myriad Markets co-founder and President Farokh Sarmad, adding that, “With over $5 billion in TVL and millions of active users, we needed a home that can sustain the incoming growth of our platform.”

Earlier this year, Myriad became the first prediction market to integrate USD1, a stablecoin launched by the Trump-backed DeFi platform World Liberty Financial, on its 5-minute markets.

Partnering with USD1 was a no-brainer, said Farokh, calling it a “top stablecoin” that will enable deeper integration with the BNB Chain ecosystem.

Myriad’s tie-up with USD1 underpins the prediction market’s incoming transition from an automated market maker liquidity model to a Central Limit Order Book (CLOB), enabling an array of new features including slippage controls, limit orders, dynamic fees, and broader market information for users.

A CLOB, which matches buy and sell orders based on price and time priority, enables users to trade directly with each other rather than through an intermediary. “The CLOB is by far the most important update to Myriad,” said Farokh, adding that it will “unlock billions of dollars being able to be traded on our platform and 100x our user base.”

Myriad Season 3

Simultaneously, Myriad is launching Season 3 with “game-changing updates across the platform.”

Season 3 launches alongside the full rollout of Myriad Wallet across the platform. Built from the ground up for speed, the Myriad Wallet is optimised for fewer approvals and lower gas costs. Integrated with MoonPay as Myriad’s official payments partner, the Myriad Wallet enables users to deposit in seconds from over 12 currencies, with a simple user flow.

In response to user feedback, Season 3 introduces an overhauled leaderboard and points structure, with points now distributed every 7 days and taking into account an array of metrics rather than a single signal.

That lays the groundwork for Myriad’s journey into the MYR ecosystem, with participants who contribute liquidity, information, and infrastructure to the network able to claim rewards when the system goes live. “Season 3 will play the biggest role in what comes next,” said Farokh. “So even if you missed earlier seasons, there’s still plenty of time to catch up!”