GLOBAL ONCHAIN SUMMIT IS COMING TO MUMBAI
✕ News Bitcoin Stocks Prediction Markets News Trending ETFs US Iran War Clarity Act Crypto Market Live Updates LIVE TradFi Blockchain Regulation Stablecoin DeFi DATs Tokenization Loading... More News → Markets Price Analysis Price Prediction Crypto Prices Calculator Crypto Stocks Market Brief Prediction Markets Loading... More News → Top Picks Best Crypto Exchanges Best Crypto Cards Prediction Markets Wallets DeFi AI For Businesses Tokenization Platforms Institutional Investors Stablecoin Infrastructure Best DEXs Best Perp DEXs Best Futures Platforms Best No-KYC Exchanges Best Pre-IPO Tokens Platforms Crypto Cards Compare No KYC Crypto Cards Travel Crypto Cards Crypto Card Offers Stablecoin Cards UK Crypto Cards USA Crypto Cards Cashback & Rewards Crypto Cards Best Regulated Prediction Markets in the US Best Crypto Prediction Markets Best Sports Prediction Market Best Leveraged Prediction Market Best Geopolitical Prediction Market Best Prediction Market Tools Best Crypto Wallets Self-Custody Wallets MetaMask Alternatives Best DeFi Platforms Best Crypto Swaps Best DEX Aggregators Best Staking Platforms AI Crypto Wallets AI trading bots Web3 AI Agents Best Payment Gateways Top Audit Firms Best Tax Softwares Best Prop Firms Best Telegram Channels Top Marketing Firms RWA Tokenization Platforms White Label RWA Platform Tokenized Asset Custody Crypto Exchanges For Tokenized RWAs Institutional Crypto Lending Best Tokenized Asset Custody Exchanges For Institutional Investors Best Institutional Crypto Staking Platforms Best Stablecoin Infrastructure Provider Best Stablecoin Orchestration Platforms Best Stablecoin Settlement Platforms Best Crypto Wallet Infrastructure Providers Best Stablecoin APIs Loading... More Top Picks → Enterprise Brand Pulse CXO Stories Opinion Interviews Funding Explorer Tokenization Tracker M&As Startup Product Launch Expansion Loading... Visit Block of Fame: Our B2B Hub → Podcast Review & Rating Exchange Ratings Wallet Ratings Crypto Card Ratings Loading... More Ratings → Research Case Studies Quarterly Reports Deep Dive Reports Loading... Visit Research → Company About Us Editorial Team Editorial Policy Careers Advertise Contact Us Submit PR ABOUT COINGAPE
CoinGape delivers live crypto news, reporting, market analysis, project analysis, listicles, reviews & ratings, combining macro coverage to surface real market signals
More Education Blog Glossary Events Loading... Ecosystem Block of Fame Voice of Web3 Awards BUZZ3 Podcast Ecosystem Block of Fame Voice of Web3 Awards Global OnChain Summit BUZZ3 Global Onchain Summit | Awards Prediction Markets NEW Web3 Projects AEO RWA Discovery Crypto Lawyers EN PT ES DE b btc $82,410 ▼ 0.26% e eth $2,492 ▼ 2.33% b bnb $741 ▼ 3.22% s sol $110 ▼ 4.13% x xrp $1 ▼ 0.89% u usdc $0.9996 ▲ 0.00% a ada $0.2365 ▼ 6.36% d doge $0.0843 ▼ 3.86% b btc $82,410 ▼ 0.26% e eth $2,492 ▼ 2.33% b bnb $741 ▼ 3.22% s sol $110 ▼ 4.13% x xrp $1 ▼ 0.89% u usdc $0.9996 ▲ 0.00% a ada $0.2365 ▼ 6.36% d doge $0.0843 ▼ 3.86% b btc $82,410 ▼ 0.26% e eth $2,492 ▼ 2.33% b bnb $741 ▼ 3.22% s sol $110 ▼ 4.13% x xrp $1 ▼ 0.89% u usdc $0.9996 ▲ 0.00% a ada $0.2365 ▼ 6.36% d doge $0.0843 ▼ 3.86% b btc $82,410 ▼ 0.26% e eth $2,492 ▼ 2.33% b bnb $741 ▼ 3.22% s sol $110 ▼ 4.13% x xrp $1 ▼ 0.89% u usdc $0.9996 ▲ 0.00% a ada $0.2365 ▼ 6.36% d doge $0.0843 ▼ 3.86% Buy Ad Buy on Binance
Ad Home / Crypto News / Stablecoin News / Polkadot Goes Live With dotUSD Stablecoin Under DAO Governance Polkadot Goes Live With dotUSD Stablecoin Under DAO Governance 08 Oct, 2026 By Coingapestaff Coingapestaff
Copied! Why Trust CoinGape CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information. Highlights
Polkadot has launched dotUSD on mainnet, giving the network a native stablecoin governed through its on-chain OpenGov system. The stablecoin has no private issuing company, while DOT holders control key decisions through the network’s decentralized governance process
dotUSD was approved through Polkadot OpenGov Referendum 1944, which established the asset and its initial operating structure. The proposal also approved a DOT-dotUSD liquidity pool and treasury funding to support liquidity during the first rollout. The referendum passed with 98.4% support, while about 4.3 million DOT backed the proposal
The stablecoin runs on Polkadot Hub, and its design draws from the Liquity v2 BOLD architecture. However, the rollout starts with a simpler peg mechanism before adding the planned DOT-backed borrowing system. The first phase therefore does not require price oracles or liquidation logic
The launch comes as stablecoins are moving into more payment and enterprise systems. Circle and Tereina are bringing USDC and EURC into SAP payment workflows for eligible businesses. That rollout uses company-issued stablecoins, while dotUSD places protocol-level governance with DOT holders
Stellar is also expanding its role in stablecoin payments after BVNK added the network to its payments platform. The integration allows businesses to use Stellar for USDC payments and settlement. Unlike those issuer-backed models, dotUSD is governed through Polkadot’s OpenGov system rather than a private issuing company
During the first phase, users can mint dotUSD one-for-one against USDT through a Peg Stability Module. They can also redeem dotUSD for $1 worth of USDT, although an initial supply cap applies. The design also lets users hold dotUSD without needing DOT in the same account
Although dotUSD has no corporate issuer, its first phase still depends on USDT as backing. Polkadot described this stage as a bridge while developers complete the fuller collateral system. The network framed the phased model as a way to begin circulation before the remaining components are ready
A later phase is designed to let users lock DOT as collateral and mint dotUSD against those positions. That system will add price oracles, liquidations, a stability pool, and redemption mechanics based on Liquity’s model. Borrowers would also select interest rates, while lower-rate vaults would face earlier redemption
At press time, DOT was trading around $1.04, down 4.69% over 24 hours despite the dotUSD stablecoin launch. The decline continued even as the new stablecoin became available on Polkadot mainnet
September had delivered a stronger performance, with DOT gaining roughly 45% during the month. However, Polkadot’s dotUSD launch also comes as stablecoin rules tighten in Europe. Circle recently urged the EU to revise MiCA rules, saying only three of the 30 largest stablecoins complied with the framework
ESMA has since told EU crypto firms to stop offering services tied to non-MiCA-compliant stablecoins. Existing exposures must be addressed within three months, although limited services can continue for withdrawals, transfers, conversion, or safekeeping
Instant Currency Exchange at BestChange with Ease
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information
Breaking: Grayscale Withdraws Cardano, Hedera and Polkadot ETF Filings
BREAKING: 21Shares SUI and Polkadot ETFs Gain DTCC Listing
US SEC Delays Canary HBAR and Grayscale Polkadot ETF, Here’s Why
Just In: US SEC Postpones Decision on 21Shares Polkadot ETF
Polkadot Explores Bitcoin Reserve Plans Converting 500,000 DOT Tokens
Breaking: US SEC Delays Decision On Polkadot & Hedera ETFs
1 BTC Welcome Bonus. No KYC to start. → 1 BTC Welcome Bonus. No KYC to start. → Play Now SPIN NOW Win upto $5000 + 100 free spins the 30% Cashback
