Web3 Summit: Polkadot plans to launch stablecoin with DOT collateral
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jul 17 2025Polkadot's New Stablecoin: Gavin Wood announced plans for a decentralized stablecoin collateralized by Polkadot's native token, DOT, during the Web3 Summit 2025. The proposal is in early stages and requires community approval before launch.
Market Activity and Historical Context: DOT's price has recently increased, with a market cap of $6.3 billion and significant trading volume. This comes after a previous attempt at a stablecoin by Acala faced issues that led to its depegging in 2022.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
