Polkadot plans to launch stablecoin with DOT collateral

The co-founder of Polkadot, Gavin Wood, reveals the plans for the native decentralized stablecoin of the ecosystem on the network. The shock will be guaranteed to the native token point of the protocol.

The first day of Web3 Summit 2025 On July 17, Wood discussed the protocol plans to launch a completely decentralized stable. The Stablecoin, which will be set at the native token point of the project (POINT), is designed to advance the efficiency and scalability of capital.

So far, the token has not yet been officially launched on the market. It is still in the early stages, with wood revealing that a cash proposal aimed at building initial liquidity is currently underway.

This means that once the proposal is shared with the community forums, it will have to receive comments from the community and a majority vote of approval for dowry token holders before it could be deployed.

If it is approved, it will be the first time that a stablecoin is set only to Polkadot The native token point obtains a formal launch.

At the time of the press, Dot increased by 1.54% in the last 24 hours. He recently reached a peak of $ 4.26 on July 17. However, he experienced a slight correction and dropped a few points to $ 4.19 shortly after. Last week, the token jumped 14.7%.

The market capitalization of Polkadot tokens increased slightly by 0.23%, reaching $ 6.3 billion.

Polkadot’s daily trading volume jumped 30.9% on the last day of negotiation, reaching nearly $ 500 million. This indicates a recent increase in market activity for the token which is ready to become the only liquidity holder of the next stablecoin.

In 2022, there was already a stablecoin linked to Dot. Ethereum acala compatible project spear The stablecoin ausd at USD point which was designed to become the fundamental stable to support the Ecoststems Polkadot and Kusama. The token allows users to land AUSD by locking assets such as DOT and LCDOT (Acala liquid point) as guaranteed.

For Bootstrap Growth, Acala launched an AUSD ecosystem fund of $ 250 million to support start -up projects on Polkadot parachains with a solid case of use of AUSD.

However later in September 2022, Acala Network experienced An attack that led to the stablecoin of the AUSD spent more than 99% of its value.