This proposal, if approved, will reduce the minBalance of USDT (1984) & USDC (1337) on AssetHub to 0.01 - currently it is 0.07 for both.
After the recent successful launch of Novasama's Telenova app, some ecosystem agents were discussing how Polkadot could surpass the likes of Solana, Ton and even dethrone Tron as the king of stablecoin payments & transfers - with a handful of changes/ improvements to AssetHub including (but not limited to):
Together with super-apps such as Telenova, these could make AssetHub (and therefore Polkadot) the home of cheap, fast & more importantly stable/ reliable stablecoin transfers - and serve as a perfect case study demonstrating the power of building on Polkadot.
This proposal was prepared by a member of the Fellowship, and tested successfully using Chopsticks by two grand master chopsticks giga chads.
Threshold
Voting Aye on, this will make Polkadot competitive with TON and other cryptos that deal with remittances.
Aye!
Hello from Polkadotters.
All 3 changes of AssetHub, be it the reduction of the minimum stable balance to $0.01, the reduction of TX fees by 10 and the sub 1s blocktime, are crucial for AssetHub to become a relevant choice for stablecoin exploration by users beyond our beloved ecosystem.
Have you tried Tron in the last few weeks? It's not as cheap as it used to be, so perhaps it's the perfect time to promote AssetHub (Polkadot) as the ideal way to transfer stablecoins worldwide. Easy AYE here.
Most obvious AYE I've ever seen