Polkadot has announced that dotUSD, its native stablecoin, is now live on the Polkadot network. According to the announcement, dotUSD does not have a single issuing company or controlling entity. Instead, it is managed by DOT DAO through Polkadot’s OpenGov on-chain governance system. Polkadot said the stablecoin is designed to serve as a network-governed native stablecoin, with the aim of reducing reliance on centralized issuers. The update frames dotUSD as a stablecoin governed by the network itself rather than by a standalone corporate operator. The information was cited by Techub News, which attributed the item to Wu Blockchain.
Polkadot said its native stablecoin, dotUSD, has officially gone live on the Polkadot network.
The project does not have a single issuing company or controlling entity. Management is handled by DOT DAO through the OpenGov on-chain governance mechanism.
Polkadot said dotUSD is intended to be a native stablecoin governed by the network itself, reducing reliance on centralized issuing institutions.
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