According to CoinMeta, Polkadot officially announced that the stablecoin dotusd has been officially launched on the Polkadot network. dotusd does not have a single issuing company or controlling entity; instead, it is managed by DOT DAO through the opengov on-chain governance mechanism. Polkadot indicates that dotusd is intended to become a native stablecoin governed by the network itself, reducing reliance on centralized issuing institutions.