https://polkadot.subsquare.io/referenda/1729
- Polkadot wants to buy USDT and USDC stablecoins.
- They will trade DOT for stablecoins a little each day.
- This helps the Treasury pay for things without worrying about price changes.
- They will trade 1,320,000 DOT for USDT and the same for USDC.
- Trades happen every 4 minutes using a tool called DCA.
- Stablecoins go to the Polkadot Asset Hub when enough is collected.
- The process takes about 183 days and costs a small fee.