Polkadot's native stablecoin PUSD has entered the proposal discussion stage, or will only be minted by DOT collateral
2025-09-27 13:42:33
The Polkadot native stablecoin PUSD proposed by Gavin Wood has entered the proposal discussion stage. It is reported that his basic idea is that the block maker's reward does not have to use a highly volatile DOT, but can be issued with stablecoins. Therefore, the Polkadot protocol itself (most likely on Asset Hub) will issue a new stablecoin named PUSD. This stablecoin will only be collateralized by the DOT. The mechanism is similar to the HOLLAR stablecoin. Users can borrow PUSD by mortgaging the DOT. However, the community believes that if the stablecoin is large, it will lead to correlation risks. For example, a decline in the DOT price will trigger liquidation, which means that the DOT in the vault must be sold.
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