Polkadot Considers Introducing a Native Stablecoin Pegged to DOT
Polkadot is poised to enhance its ecosystem's stability and liquidity by introducing a native stablecoin, pUSD, which aims to reduce dependency on traditional stablecoins like USDT and USDC. Spearheaded by Acala co-founder Bryan Chen, the pUSD proposal seeks to offer an algorithmic, overcollateralized debt token backed by DOT, coupled with a savings module for earning interest, despite the shadow of previous algorithmic stablecoin failures looming large.
Nathan Mercer