Polkadot Launches Referendum for dotUSD Stablecoin
Polkadot (DOT)
Editor:
Eugene Serbin
Coinfomania.com reports that Polkadot has officially launched a referendum for its proposed stablecoin, dotUSD. The initiative is now subject to community voting on the DOT DAO governance platform. Drafted by ecosystem members and submitted via the Polkadot Community Foundation, the proposal aims to create a protocol-native stablecoin.
The plan outlines a phased implementation starting with a stable-backed phase, followed by a DOT-collateralized vault phase. This move highlights a shift towards decentralized decision-making within the multi-chain platform. The outcome could significantly impact Polkadot’s ecosystem and its approach to stablecoin adoption.
Currently, the Polkadot price remains stable at $0, with no recorded trading volume in the past 24 hours. This stability might reflect a cautious approach among traders awaiting the vote results. The referendum is crucial as it could set a precedent for future stablecoins in the ecosystem. Successful approval could lead to increased interest and activity within the Polkadot network.
How the market reacted
Whalio's own Binance spot order flow for DOT, measured when this story was written up on 10 September 2026. Not the outlet's figures.
Whalio spot data for DOT shows a price of $1.12 with a 1-hour buy ratio of 50.0% and a 4-hour buy ratio of 47.9%. These short-term figures are slightly above the 24-hour buy ratio of 48.0%, suggesting a marginal increase in buying pressure over the last hour compared to the daily average. The 1-hour volume delta is positive at +$216, indicating net buying in the immediate term. However, the 4-hour volume delta is negative at -$102,281, and the 24-hour delta is -$907,912, showing that selling pressure has dominated over the longer timeframes. The Cumulative Volume Delta closed at -$282,248 for the 24-hour period, confirming that sellers have been more aggressive than buyers overall. Spot volume for the day was $21,789,988 across 168,677 trades, with net buying occurring in only 8 of the 24 hours.
The latest daily buy ratio of 47.0% sits at the 23rd percentile of the last 324 days, against a median of 48.9% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for DOT, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio was 50.0%, while the latest day saw a buy ratio 2.0 percentage points lower than that average. This indicates that today's buying intensity is slightly below the recent weekly norm. Volume was 1.57 times the average, suggesting a notably higher level of activity compared to typical days. The price increased by 29.4% over the 8-day period, despite a total volume delta of -$1,218,805. This week saw net buying on only 4 of the 7 days, contrasting with the current day's 8 hours of net buying. The combination of elevated volume and a dip in the buy ratio relative to the weekly average marks this as an unusual day for the coin.