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.