Polkadot has announced that its stablecoin dotUSD is now live on the Polkadot network. According to Odaily, the token has no single issuing company or controlling entity and is managed by the DOT DAO through the OpenGov on-chain governance mechanism.

Polkadot said dotUSD is intended to serve as a native stablecoin governed by the network itself and to reduce reliance on centralized issuers.