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Polkadot's native stablecoin dotUSD launches with $5 million funding
In the past 24 hours, Polkadot has initiated the launch of its native stablecoin, dotUSD, with an initial funding of $5 million from the network's treasury. The proposal, known as Referendum 1944, has garnered significant community support, with approximately 97.5% approval. The launch is planned in two phases: the first involves minting dotUSD backed 1:1 by USDT, while the second phase will introduce an overcollateralized model using DOT as collateral.
Key points
- Community overwhelmingly supports dotUSD launch with 97.5% approval.
- Initial funding of $5 million allocated from Polkadot's treasury for dotUSD.
- Launch planned in two phases: first with USDT backing, then with DOT collateral.
Sources
- Polkadot Opens Governance Vote on DOT-Backed Native Stablecoin dotUSDCoinAlert News · September 9, 2026
- Polkadot's dotUSD Stablecoin Proposal Passes with 97.5% ApprovalKuCoin · September 9, 2026
- Polkadot Launches Native Stablecoin dotUSD with Initial Funding of $5 MillionWEEX Crypto News · September 9, 2026
- Polkadot Price Prediction September 2026: DOT Jumps 42% on dotUSD Vote as Remittix Builds Toward LaunchTechBullion · September 20, 2026
AI-generated from public news sources. Not financial advice.
