[Polkadot Native Stablecoin PUSD Enters Proposal Discussion Phase, Likely to Be Minted Only by Collateralizing DOT] According to a report by Jinse Finance, the Polkadot native stablecoin PUSD, proposed by Gavin Wood, has entered the proposal discussion phase. It is reported that his basic idea is that block rewards do not need to be distributed in the highly volatile DOT but can instead be issued in a stablecoin. Therefore, the Polkadot protocol itself (most likely on the Asset Hub) would issue a new stablecoin named PUSD. This stablecoin would only use DOT as collateral, with a mechanism similar to the HOLLAR stablecoin. Users can borrow PUSD by collateralizing DOT. However, the community has raised concerns that if the scale of this stablecoin becomes too large, it could lead to correlation risks. For instance, a drop in DOT's price could trigger liquidations, and liquidation would mean selling off the DOT held in the treasury.