[Tether](https://tether.to/en/) registered USDT on Statemint (asset ID `1984` - it can be verified here). The team is requesting Polkadot governance to make it sufficient such that it can pay transaction fees and exist on accounts without DOT. Tether's announcement can be found [HERE](https://tether.to/en/tether-tokens-usdt-live-on-polkadot/). Polkadot's announcement can be found [HERE](https://twitter.com/Polkadot/status/1573299786266050561).

On Statemint, assets can be Sufficient or Non-Sufficient. To hold a Non-Sufficient asset, the Statemint account needs to exist on-chain. This is different from Ethereum where a non-existent account can hold ERC-20 tokens, as users need to ensure that the receiver account has at least 0.1 DOT which is the Existential Deposit for a Statemint account. However, if an asset is Sufficient, the Existential Deposit in DOT on the receiver account is not needed to create the account; the asset itself is sufficient. The team is requesting this property to be voted by governance.

This proposal would allow much more flexibility for holders on Polkadot Network and the stablecoin will power transactions on Polkadot’s Statemint needed for asset deployment and balance-keeping of fungible and non-fungible tokens flowing across the web of blockchains. Many in the community believe as well that a stablecoin like USDT can boost the ecosystem and support an increase of transactions, specifically on DeFi-focused chains.

**Call on Statemint**

- Encoded call: `0x3212011f00d8e5d105e214d8c57e5819fb6d820883f44a617a78a7a6237cb9627ec73a26d200d8e5d105e214d8c57e5819fb6d820883f44a617a78a7a6237cb9627ec73a26d200d8e5d105e214d8c57e5819fb6d820883f44a617a78a7a6237cb9627ec73a26d200d8e5d105e214d8c57e5819fb6d820883f44a617a78a7a6237cb9627ec73a26d282b92a000100`

- Call hash: `0x842d8a934c2aa86a909e0232f730d2f974bfc01e307703a07eefbad6efdb9e1d`

![](https://i.ibb.co/smBWXHt/Screenshot-2022-09-26-at-09-23-00.png)

**Call on Relay Chain**

- Call hash: `0x5eea32679cdac9fc69d2d1ff7740104ec2bb6d412cb121505dbece9d34a239fd`

- Call data: `0x630001000100a10f0204060202286bee39023212011f00d8e5d105e214d8c57e5819fb6d820883f44a617a78a7a6237cb9627ec73a26d200d8e5d105e214d8c57e5819fb6d820883f44a617a78a7a6237cb9627ec73a26d200d8e5d105e214d8c57e5819fb6d820883f44a617a78a7a6237cb9627ec73a26d200d8e5d105e214d8c57e5819fb6d820883f44a617a78a7a6237cb9627ec73a26d282b92a000100`

![](https://i.ibb.co/XLwTgc6/Screenshot-2022-09-26-at-09-24-29.png)



Schedule a majority-carries referendum to be tabled next once it is legal to schedule
an external referendum.

The dispatch of this call must be `ExternalMajorityOrigin`.

- `proposal_hash`: The preimage hash of the proposal.

Unlike `external_propose`, blacklisting has no effect on this and it may replace a
pre-scheduled `external_propose` call.

Weight: `O(1)`

: Tether registered USDT on Statemint (asset ID `1984`). The team want Polkadot governance to vote for it to be sufficient such that it can pay transaction fees and exist on accounts without DOT. If an asset is Sufficient, the Existential Deposit in DOT on the receiver account is not needed to create the account; the asset itself is sufficient. This will allow much more flexibility for holders on Polkadot Network and power transactions on Statemint.

#276 Proposal for USDT Token Sufficiency on Statemint

No Active Proposals