Polkadot’s pUSD stablecoin is here! But the market already sees 3 red flags

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And so, a newcomer makes its way into the fray-a bold, brash and utterly naive challenger, stepping with tentative grace onto the grand stage where liquidity titans rule, glistening in their almost-monopolistic splendor.

Behold, pUSD! A humble stablecoin in the making, prancing about, eyes wide with hope, but tragically backed by the shaky DOT, like an underdog doggedly clinging to Polkadot’s exclusive playground. Ah yes, a wobbly debutante against the towering behemoths of global trading, whose fists of liquidity pummel everything in their path.

But trust, dear reader, is a fickle beast-elusive, stubborn. Polkadot’s newborn pUSD will have to waltz through the crowded dance floor of market share, elbows sharp, to earn a single nod of approval. And just imagine: trying to stand tall where others have already claimed near total domination. Courageous, no? Or perhaps foolish?

At this very moment, DOT languishes at a limp $3.93, teetering on the edge of despair. Down it goes-almost 1.6% since the big announcement. A near-silent tragedy unfolding, with RSI making its mournful appearance just shy of neutral at 52, while the MACD, with a sigh, barely clings to any bullish vigor. In short, the market seems to be holding its breath, unsure whether to cheer or sneer.

Traders-those cold-hearted sentinels of the digital economy-seem to be tiptoeing, as if afraid to disturb the sleeping giant. Perhaps they know something we don’t? Or perhaps they just have a sixth sense for the inevitable missteps of the audaciously new.

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2025-09-29 16:30