PANews|Sep 09, 2026 02:24
[Polkadot Community Proposal to Launch Native Stablecoin dotUSD, Requesting $5 Million in Seed Funding]
According to a proposal on the Polkassembly platform, the Polkadot Community Foundation has proposed the launch of a protocol-native decentralized stablecoin, dotUSD, along with the establishment of a DOT/dotUSD liquidity pool. The proposal requests $5 million in seed funding ($2.5 million in USDT and $2.5 million equivalent in DOT) as initial liquidity. dotUSD will adopt an over-collateralization model adapted from Liquity v2 to peg to the US dollar, allowing users to mint dotUSD by locking DOT at a minimum collateralization ratio of 150%. The proposal is currently in a 28-day voting period.
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