Funded by Kusama Referendum 362, utilizing Brale鈥檚 regulated stablecoin infrastructure, and in partnership with Decent Partners, dUSD is a new stablecoin for the Kusama and Polkadot ecosystems. Issued on Kusama Asset Hub, dUSD can be acquired by minting on the Brale platform, swapping on the dUSD/KSM liquidity pool on Kusama Asset Hub, and through an upcoming stablecoin exchange. Brale鈥檚 revenue sharing model, means that yields generated from minted USD will be directed to the Kusama treasury.
Stablecoin e-commerce payments platform Kwickbit is the last recipient of a W3F Decentralized Futures grant. Their grant project will involve the development of their non-custodial on-chain payments gateway, which will be deployed through smart contracts on Polkadot and support Asset Hub stablecoins. The next phase of their project will investigate launching as a parachain.
Referendum 857 proposes to reduce the ED of stablecoins (USDC/USDT) on Asset Hub from $0.07 to $0.01. This is the first of a series of potential minor Asset Hub tweaks that aim to make Polkadot a competitive player for stablecoin payments and transfers.