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      Polkadot Introduces USDT-Backed Stablecoin dotUSD

      Polkadot has officially launched a new stablecoin named dotUSD, which is backed by Tether's USDT. This initiative is part of Polkadot's OpenGov framework, aimed at enhancing the decentralized finance (DeFi) ecosystem within its network.

      The total supply of dotUSD is approximately 2.77 million tokens. Future plans include the introduction of DOT-backed borrowing, which is expected to be implemented in a subsequent phase of the project. This move is seen as a significant step in expanding the utility and functionality of the Polkadot platform in the DeFi space.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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