[R] KSM #526 - Acquisition of dUSD stablecoin for Kusama treasury on Asset Hub and set dUSD as a Sufficient Asset
Terminated 
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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.
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Information
Members
11
Timestamp
Created
May 22 2025 13:54
Start date
May 22 2025 00:00
End date
Jun 21 2025 00:00
Results
Voters
6
one-person-one-vote
Aye
0 VOTE
 
Nay
4 VOTE
 
Abstain
2 VOTE
 
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