Polkadot Native Stablecoin dotUSD Officially Launches

On October 08, Polkadot officially announced that the stablecoin dotUSD has launched on the Polkadot network.

It noted that currently, stablecoins with a global market capitalization exceeding $250 billion are mostly issued and controlled by a few centralized institutions. In contrast, dotUSD has no single issuer or single point of control risk, and is fully managed jointly by the DOT DAO through the decentralized governance mechanism OpenGov, making it the native decentralized stablecoin of the Polkadot network.