DOT Price Tests $1 Support as Polkadot Launches dotUSD Stablecoin
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Cryptocurrency News | Cryptocurrency Prices | Market CapDOT price tests $1 support as Polkadot launches dotUSD stablecoin
DOT price has fallen toward $1 as Polkadot launches its native dotUSD stablecoin, with daily support under pressure and a rounded top forming on the 4-hour chart. TradingView’s Binance DOT/USDT daily chart showed Polkadot trading at $1.032 on Oct. 8,…
Polkadot launched its issuer-less dotUSD stablecoin on October 8th; however, in the first phase, it is being produced one-to-one with USDT, as per referendum number 1944, and the treasury is allocating $3 million.
Polkadot's "issuer-free" dotUSD launches minted from Tether's USDT
Polkadot has launched dotUSD, a stablecoin that it says has no issuing company, on Thursday, October 8. However, the token that went live is minted one-for-one against Tether’s USDT, which is the same kind of centrally controlled dollar coin that Polkadot’s own pitch warns against. In the same post where it announced the launch on...
Polkadot announced the launch of dotUSD, a native stablecoin that, according to the information available, remains under DOT's DOT governance through OpenGov. The proposal is presented as an alternative without an issuing company, although its emission scale and possible economic effects for those who own DOT are still not detailed.
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