https://polkadot.subsquare.io/referenda/1491

• This proposal aims to improve how users can transfer USDT and USDC, which are stablecoins, to the Polkadot system.
• Many users face difficulties because there's not enough liquidity to use these stablecoins once they arrive in Polkadot.
• The proposal asks for funds to create liquidity pools so users can swap their stablecoins for DOT tokens, which they need to pay fees.
• The plan includes converting the stablecoins to wrapped versions and creating pairs with DOT on Polkadot Asset Hub.
• Fixing these issues will help more people use the Polkadot ecosystem, as it currently makes onboarding hard for new users.
• The funds will be managed by a two-person multisignature team to ensure safety.
• The aim is to provide a better user experience and encourage more people to use Polkadot's tools.