Stablecoin in Kusama treasury

[somedude]

I think it’s been discussed elsewhere. There are threads for staking stablecoins and ETH (hard to tell which one is more ridiculous).

Polkadot Stablecoin

Hey All, Has there ever been any thought about Polkadot issuing its own stablecoin and leveraging interest to help fund DAO operations. Not saying Polkadot would do directly but could own interest in a venture that is owned by the DAO, if legally possible to do, and interest paid to DAO. Would boost funding, shift sells from DOT to stablecoins, and I’m sure Polkadot holders would opt to leverage since it would indirectly benefit DOT holders.

@muddlebee

There’s an ongoing referendum for a stable coin by Brale on Kusama Asset Hub.

That isn’t issued by Polkadot, unless the OP meant Polkadot chain. If wrapped USDC/USDT can be made available, there’s less need to have Polkadot-native stablecoins, IMO.