A Polkadot-native stablecoin governed by the DAO and backed by U.S. Treasuries

I’d like to share an idea that could bring long-term sustainability and financial independence to the Polkadot DAO.

What if the Polkadot DAO itself issued a native stablecoin, fully backed by U.S. Treasury bonds, and the interest revenue generated by those bonds flowed directly into the Polkadot Treasury?

I know HOLLAR is about to launch, which is great for the ecosystem — but it’s important to note that HOLLAR is a Hydration product, and the revenue it generates will go to Hydration, not to the Polkadot DAO itself.

This proposal would be something different:

• 100% ecosystem-native
• Fully governed by OpenGov
• All reserves and operations on-chain, auditable by anyone
• Revenue from yield-bearing assets like U.S. Treasuries would fund community initiatives, development, and ecosystem growth

It would reduce our reliance on centralized stablecoins like USDT/USDC and help Polkadot capture value directly through financial tools.

I’m not an expert in legal or technical implementation, but I wanted to open this discussion to hear your thoughts:

• Is this technically feasible within the current framework?
• What would it take to make this happen (legal entities, oracles, parachain logic)?
• Are there any teams that would be interested in collaborating on this?

Looking forward to your feedback and ideas — let’s discuss and explore if this could be a major step forward for the future of the network.