CryptoMedium•10 October 2026•
1 min read
Polkadot Price Surges 11% on Supply Reduction and dotUSD Stablecoin Launch
Key Facts
1DOT price surged 11% targeting $1.75 levels following a 54% reduction in annual token issuance.
2Polkadot launched a native stablecoin (dotUSD), contributing to improved market sentiment and increased open interest.
Polkadot price surged 11% targeting $1.75 levels following a 54% reduction in annual token issuance. AMBCrypto reported that the rally was further supported by the launch of a native stablecoin, dotUSD, which contributed to improved market sentiment and an increase in open interest.
The shifts in tokenomics have reduced selling pressure, coinciding with a rise in long positions within the derivatives market. Open interest for DOT grew by 15% to reach $78 million on October 10, 2026, reflecting increased trader participation as the asset's price structure improved above key support levels.