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Polkadot Community Backs Proposal for DOT-Backed Algorithmic Stablecoin pUSD
Yahoo Finance· 2025-09-29 17:18
The Polkadot community has opened a vote on a proposal for pUSD, a native stablecoin backed entirely by DOT tokens, through a governance referendum currently underway on the network’s “Wish for Change” track. The proposal, detailed in RFC-155 and authored by Bryan Chen, would deploy the stablecoin on Polkadot Asset Hub using the Honzon protocol previously employed by Acala’s failed aUSD project. At the time of writing, Aye holds 74.62%, while Nay holds 25.40%, against an 80.40% approval threshold. Sourc ...