【Market News】Polkadot ecosystem welcomes its first native stablecoin: dotUSD has officially launched on the Polkadot mainnet.
Unlike typical stablecoins, dotUSD is not backed by a private issuing company. Instead, it is directly managed by the Polkadot on-chain governance system, OpenGov. This approach was approved through OpenGov referendum No. 1944, and in the future, key parameters and decisions will be determined by votes from holders of $DOT .
Whether a native stablecoin with on-chain governance can succeed remains to be tested by the market. (Source: CoinGape)
⚠️ Risk Warning: The above is for sharing market information and does not constitute investment advice. Investing involves risk; enter the market cautiously.
#Polkadot #稳定币 #DOT
Unlike typical stablecoins, dotUSD is not backed by a private issuing company. Instead, it is directly managed by the Polkadot on-chain governance system, OpenGov. This approach was approved through OpenGov referendum No. 1944, and in the future, key parameters and decisions will be determined by votes from holders of $DOT .
Whether a native stablecoin with on-chain governance can succeed remains to be tested by the market. (Source: CoinGape)
⚠️ Risk Warning: The above is for sharing market information and does not constitute investment advice. Investing involves risk; enter the market cautiously.
#Polkadot #稳定币 #DOT