Polkadot News Today: pUSD Approval Could Catalyze $5 Billion for Polkadot, Eyes ETF Approval
Polkadot's (DOT) ecosystem is undergoing a transformative phase as the network advances its native pUSD stablecoin and inches closer to a potential U.S. ETF approval. The pUSD proposal, backed by DOTDOT-- collateral and governed by the Honzon protocol, has garnered 75.4% community support in a live referendum, with a 85.6% threshold required for approval[1]. If adopted, pUSD will operate as an overcollateralized stablecoin, enabling users to mint pUSD by locking DOT without selling their holdings. This mechanism aims to reduce reliance on external stablecoins like USDTUSDT-- and USDCUSDC-- while enhancing DeFi liquidity on the PolkadotDOT-- Asset Hub[2]. The proposal also envisions integrating pUSD into the Polkadot Treasury for payments and staking incentives, potentially curbing DOT inflation[3].
Technical indicators for DOT have strengthened as the token broke above a key $4.11 resistance level on October 1, supported by trading volume five times the average[1]. The RSI stands at 52.18, suggesting neutral momentum, with traders eyeing a critical $4.28 support level before targeting $4.42[1]. This upward movement coincides with the 21Shares Polkadot ETF (TDOT) being listed on the DTCC, a procedural step for ETF approval. Analysts estimate a 90% chance of ETF approval by November 2025[1], which could unlock institutional capital and elevate DOT's profile alongside SolanaSOL-- and SuiSUI--. The Sui (SUI) token has already seen a 3.74% gain, bolstered by its own ETF application and growing institutional interest.
The pUSD vote has sparked debate within the Polkadot community. Proponents argue the stablecoin will enhance financial sovereignty and utility for DOT, while critics caution against the risks of a DOT-only collateral model, referencing past failures like Acala's aUSD. The Web3 Foundation has introduced stricter governance oversight for treasury proposals, aiming to improve transparency but drawing concerns about centralization[1]. The outcome of the pUSD referendum could reshape Polkadot's DeFi landscape, with potential integration into cross-chain swaps via XCM and yield protocols on MoonbeamGLMR-- and Astar[2].
BlockDAG (BDAG) is emerging as a formidable contender in 2025, with its DAG-based LayerLAYER-- 1 blockchain attracting $211.5 million in presale funds and 4,500 developers building 300+ projects. The project's strategic partnerships with HackerEarth and Inter Milan, along with plans for 10 major exchange listings, position it as a top crypto innovation. Meanwhile, SUI's volatility persists despite a 35% monthly gain, with analysts highlighting its long-term potential amid short-term uncertainty.
Polkadot's governance reforms and pUSD initiative reflect broader industry trends toward native stablecoins and decentralized financial tools. If pUSD gains approval, it could catalyze a $5 billion market cap for the token, aligning with broader regulatory shifts in the U.S. and EU[3]. The interplay between institutional adoption, technical momentum, and governance dynamics will likely define Polkadot's trajectory in Q4 2025.
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