Polkadot's DOT Jumps 43% as Network Weighs Native dotUSD Stablecoin
- —DOT at $1.26: +43.2% in 30 days, but -67.8% YoY and -97.7% from the $54.98 peak
- —Referendum 1944 would create dotUSD backed by DOT and $2.5M USDT from the treasury
- —Approval stands at 98.45% on turnout of just 0.1064% of 1.675B DOT
- —Phase 2 adds vaults, liquidations and a redemption queue modeled on Liquity v2
Why it matters: If passed, the referendum would create the first native demand sink for DOT via vaults; thin turnout leaves the outcome uncertain.
Source: CryptoTicker