Polkadot Voters Overwhelmingly Back DotUSD Stablecoin Proposal

A proposal to create a native stablecoin called dotUSD on the Polkadot network has gained significant support from voters, with 97.5% in favor and only 59,900 opposing votes.

The referendum calls for $5 million in initial liquidity, split evenly between USDT for minting the stablecoin and DOT allocated to a liquidity pool.

DotUSD would be an over-collateralized stablecoin primarily backed by Polkadot's native token, DOT.

This is not Polkadot's first attempt at a native stablecoin; a previous proposal called pUSD secured over 75% support earlier in 2025 with $5.6 million committed to the effort.

Polkadot's DeFi sector has historically been smaller due to its architecture, which fragments liquidity across multiple chains. A protocol-owned stablecoin could serve as connective tissue, giving traders and developers a single stable asset that works natively across the ecosystem.