[Polkadot Plans to Launch Native Stablecoin dotUSD with Initial Funding of $5 Million] Odaily Planet Daily News: The Polkadot community has initiated OpenGov Proposal No. 1944, aiming to create a native decentralized stablecoin called dotUSD and establish it as the primary stable value asset within the Polkadot ecosystem. The proposal is currently undergoing governance voting. According to the proposal, dotUSD will adopt an over-collateralization mechanism, allowing users to mint dotUSD by locking DOT in the future. The system will also implement stability pools, liquidation mechanisms, and redemption mechanisms to maintain its peg to the US dollar. The proposal plans to use funds from the Polkadot treasury to provide initial liquidity for the DOT/dotUSD liquidity pool, including $2.5 million USDT for minting dotUSD and an additional allocation of $2.5 million worth of DOT to the liquidity pool, totaling $5 million in initial funding. dotUSD is planned to be launched in phases, with the first phase using USDT as reserve support for minting, and the second phase introducing a complete DOT collateral vault, oracle, stability pool, liquidation, and redemption mechanisms.