[R] KSM #526 - Acquisition of dUSD stablecoin for Kusama treasury on Asset Hub and set dUSD as a Sufficient Asset

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Fa6m...wiBr

Terminated

terminated

Description

https://kusama.subsquare.io/referenda/526

What: Proposal to convert 25,000 KSM into dUSD stablecoins for the Kusama Treasury.
Why: To diversify funds, reduce volatility, and support ecosystem growth.
How: Uses Asset Hub’s tools to trade KSM for dUSD over 5 weeks.
Fees: 0.15% fee, with half going back to the treasury.
Bonus: dUSD will work like USDC, allowing fee payments without needing KSM.
Partners: Works with Brale (stablecoin issuer) and Decent Partners.
Future: More projects will use dUSD, like debit cards and exchanges.
Regulation: New rules make dUSD easier to use globally.

Appendants

1mo ago

Vote #1: FORCE-NAY
https://kusama.subscan.io/extrinsic/28562354-2

Optionssingle

Votes·6

1xzc...1bX6

1xzcLSwo7xBFkJYZiL4EHaqFpuPTkH641E3V43W4cuk1bX6

Abstain

Why do we need another stable coin?

167Y...TY9F

167YoKNriVtP4Nxk9F9GRV7HTKu5VnxaRq1pKMANAnmmTY9F

Abstain

I do think that this $ is being given to a team to be managed, it is supported by long time network supporters, still i find the $ trail convoluted, if anyone from the team will do an ELI5 would be great.

14Gn...YLEh

14Gn7SEmCgMX7Ukuppnw5TRjA7pao2HFpuJo39frB42tYLEh

Nay

Why can't we already work with USDT and USDC, which are the most used stable currencies in the market? I don't feel it is an interesting move on the part of the community to move to a stable that is not consolidated.

1ZSP...vx6w

1ZSPR3zNg5Po3obkhXTPR95DepNBzBZ3CyomHXGHK9Uvx6w

Nay

I'd like to understand better the dUSD usage patterns / demand, as well as the yield structure before making this a sufficient asset and building up a treasury reserve.