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Crypto DeFi

Polkadot Passes New Strategy With 97% Vote, Plans Mobile App and dotUSD Stablecoin

The Polkadot Community Foundation said its new strategy was approved with 97% support in an on-chain governance referendum on Nov. 11. Polkadot will shift focus from infrastructure building to consumer-facing products, starting with a mobile app for private messaging and digital cash payments. The platform will center on the dotStables stablecoin series, whose first token, dotUSD, will be pegged to the US dollar and backed by DOT.

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