DeFi· ★★★· bullish·

DOT Jumps 6% as Polkadot Launches dotUSD Stablecoin on Mainnet

  • —DOT gained 6.1% in 24 hours to $1.17 while the global crypto market cap fell 0.6%
  • —Referendum 1944 passed with 98.4% approval backed by roughly 4.3 million DOT
  • —dotUSD runs on Polkadot Hub and draws partial inspiration from Liquity v2's BOLD design
  • —In phase one, users mint dotUSD 1:1 by depositing USDT through a peg stability module
Why it matters: A native stablecoin governed by DOT holders could deepen Polkadot's ecosystem and drive demand for its token.
Source: The Crypto Times