Bullish
Polkadot's DOT token rises 6% following dotUSD stablecoin launch
In the past 24 hours, Polkadot's DOT token experienced a 6% price increase, reaching $1.17. This surge follows the successful launch of dotUSD, Polkadot's native stablecoin, on October 8, 2026. The launch was approved by OpenGov Referendum 1944, receiving 98.4% support from the community.
Key points
- dotUSD stablecoin launched under Polkadot's OpenGov governance system.
- DOT token price increased by 6% to $1.17 following the launch.
- Initial minting of dotUSD backed one-for-one by USDT, with future plans for DOT collateralization.
Sources
AI-generated from public news sources. Not financial advice.
