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Polkadot launched dotUSD, a DAO-governed stablecoin backed initially by USDT, yet DOT dropped 9.5% as leveraged traders got liquidated post-launch.
Polkadot is prioritizing user adoption through a new strategy proposed in its OpenGov governance system on October 12. The plan places dotUSD at the center of efforts to attract users,
Polkadot's DOT rose 11.9% to $1.23 after dotUSD stablecoin launch and broader crypto market rebound from reduced Iran tensions. Key support at $1.00-$1.02 held.