Polkadot has launched its new stablecoin dotUSD on the mainnet, in a move that gives holders $DOT direct authority over coin decisions through the OpenGov decentralized governance system.

dotUSD is operated under the administration of an independent, decentralized organization (DAO), where holders $DOT control decisions related to the stablecoin through an on-chain voting mechanism.

This release comes as $DOT trades near $1.04, down 4.69%.

Additional details about how dotUSD will be pegged to its fixed value or the size of the initial issuance are not yet clear, leaving some questions unanswered.

The question remains: does this move strengthen Polkadot’s position in the stablecoin market, or does it add pressure to $DOT? Viewers are keeping an eye on it.

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