Wu Blockchain has learned that the Polkadot Community Foundation has submitted a governance proposal to the Polkadot DAO to launch a protocol-native decentralized stablecoin called dotUSD, positioning it as the primary stable value asset for Polkadot. dotUSD will be rolled out in phases. The first phase, which has already completed on-chain development, allows users to mint and redeem dotUSD at a 1:1 ratio with USDT. The second phase will introduce over-collateralized vaults using DOT as the main collateral, along with oracles, stability pools, and a liquidation mechanism, drawing design inspiration from Liquity v2. The proposal also plans for the Polkadot Treasury to provide $2.5 million in USDT and $2.5 million worth of DOT to supply initial liquidity for the DOT/dotUSD pool. The proposal is currently in the voting stage. https://www.(wublock123.com)/news/news-68057