Register USDT and USDC (Polkadot) on Kusama Asset Hub

1mo ago
2

We need stablecoins on Kusama. Native USDT on KAH has been deprecated by Tether long ago. decent USD is emerging, but not ready yet (no smooth on-/offboarding yet). Ethereum's USDC.e and USDT.e have been registered by snowbridge ref 514, but on-offboarding means bridging twice, which is unacceptable for us.

I propose to register PAH's native USDT and USDC on KAH. Bridge fees have become somewhat viable, which makes this choice the least evil we currently have.

To accelerate the process, I'll directly propose the calls here:

On KAH:

  1. forceCreate USDT
  2. forceSetMetadata USDT
  3. forceCreate USDC
  4. [forceSetMetadata USDC](https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fassethub-kusama.api.onfinality.io%2Fpublic-ws#/extrinsics/decode/0x35130204090200a10f043205e5144c55534420436f696e2028506f6c6b61646f742910555344430600

Parameters:

  • make sufficient: yes
  • owner FxqimVubBRPqJ8kTwb3wL7G4q645hEkBEnXPyttLsTrFc5Q (verify: same as DOT token owner on KAH)
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