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On September 9, according to a proposal on the Polkassembly platform, the Polkadot community foundation has proposed the launch of a protocol-native decentralized stablecoin, dotUSD, and the establishment of a DOT/dotUSD liquidity pool. They are seeking $5 million in initial funding (comprising $2.5 million in USDT and $2.5 million equivalent in DOT) as initial liquidity. dotUSD will utilize an over-collateralization model adapted from Liquity v2 to peg to the US dollar, allowing users to lock DOT at a minimum collateralization rate of 150% to mint the stablecoin. This proposal is currently in a 28-day voting period for decision-making.

On September 9, according to a proposal on the Polkassembly platform, the Polkadot community foundation proposed to launch a protocol-native decentralized stablecoin, dotUSD, and establish a DOT/dotUSD liquidity pool. They are requesting $5 million in initial funding (consisting of $2.5 million in USDT and $2.5 million worth of DOT) as initial liquidity. dotUSD will utilize an over-collateralization model adapted from Liquity v2 to peg to the US dollar, allowing users to mint it by locking DOT at a minimum collateralization rate of 150%. This proposal is currently in a 28-day voting period for decision-making.

On September 9, Liquid Network released an incident report stating that on September 6, a vulnerability in its open-source Elements software was exploited. The attacker minted approximately 4000 LBTC not backed by BTC reserves and exchanged it for about 4000 BTC through SideSwap's Peg-out mechanism. Following the incident, Liquid's reserves temporarily dropped from around 4205 BTC to 197 BTC. Liquid clarified that the incident was not due to a private key leak or a breach of federated nodes. Currently, the attacker has returned 3400 BTC, with approximately 598.5 BTC still to be recovered. Blockstream has completed the vulnerability fix, and the Liquid network remains suspended while the relevant team prepares an emergency version of Elements v23.3.4, which will be deployed after completing security reviews and restoring network status.