Polkadot votes on native dotUSD stablecoin proposal
Polkadot (DOT)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that Polkadot’s community has opened a governance vote on a native decentralized stablecoin called dotUSD. OpenGov Referendum 1944 proposes making the dollar-pegged asset the network’s primary stable-value instrument, eventually backed mainly with DOT. The stablecoin would be owned by the protocol and operate autonomously through on-chain logic without a centralized issuer.
An archived Polkassembly snapshot showed 97.5% Aye votes with 2.4 million DOT in favor before the vote concluded. Phase one allows users to mint dotUSD one-for-one against USDT, requiring no oracle or liquidation infrastructure. The proposal seeks to seed a DOT/dotUSD liquidity pool on the Polkadot Asset Hub with initial allocations ranging from $3 million to $5 million.
Phase two introduces DOT-backed collateral vaults, an oracle, and a stability pool similar to Liquity v2’s BOLD system. Users would deposit DOT into vaults and borrow dotUSD at a minimum collateralization ratio of 150%. Arbitrage routes and a capped stablecoin buffer are designed to keep dotUSD close to its $1 peg. This follows a September 2025 DAO approval of a 2.1 billion DOT cap and a subsequent tokenomics upgrade.
How the market reacted
Whalio's own Binance spot order flow for DOT, measured when this story was written up on 9 September 2026. Not the outlet's figures.
Whalio’s spot data for DOT shows a price of $1.25 with a 24-hour buy ratio of 51.8%, indicating a slight majority of buying pressure over the day. The 1-hour buy ratio stands at 46.9% and the 4-hour ratio at 49.7%, suggesting that immediate buying momentum is weaker than the daily average. Volume delta for the hour is negative at -$109,036, while the 4-hour delta is slightly negative at -$14,280. However, the 24-hour volume delta is positive at +$1,049,065, showing that net buying has occurred over the longer timeframe. CVD at the 24-hour close is -$773,679, reflecting the net difference between buy and sell volume. Spot volume reached $30,611,009 with 203,016 trades in the last day.
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 48.9%, making today’s 24-hour ratio of 51.8% an increase of 2.9 percentage points. Spot volume today was 2.93 times the weekly average, indicating significantly higher activity. The price changed by +42.9% over the past 8 days, with a total volume delta of -$1,110,886 for the period. Net buying occurred on 3 of the last 7 days. This represents an unusual day for the coin, driven by volume nearly triple the average and a buy ratio above the weekly norm.