<p style="box-sizing: border-box; --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-scroll-snap-strictness: proximity; --tw-ring-offset-width: 0px; --tw-ring-offset- --tw-ring- --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; padding: 0px; margin: 0px 0px 0.5rem; max-width: 100%; line-height: 22.4px; font-weight: 300 !important; font-family: __Poppins_ed4ad5; font-size: 14px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background- text-decoration-thickness: initial; text-decoration-style: initial;">This proposal is to open both directions channel between AssetHub (ParaID 1000) and Hashed Network (ParaID 2093).
<p style="box-sizing: border-box; --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-scroll-snap-strictness: proximity; --tw-ring-offset-width: 0px; --tw-ring-offset- --tw-ring- --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; padding: 0px; margin: 0px 0px 0.5rem; max-width: 100%; line-height: 22.4px; font-weight: 300 !important; font-family: __Poppins_ed4ad5; font-size: 14px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background- text-decoration-thickness: initial; text-decoration-style: initial;">Opening a channel between AssetHub and Hashed Network is crucial as projects looking to operate on Hashed Network will be able to leverage stable coins like USDT, USDC, or other tokens. With the open channel, we see the potential for increased adoption of Polkadot native USDC and USDT and a stronger value proposition for Polkadot.
<p style="box-sizing: border-box; --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-scroll-snap-strictness: proximity; --tw-ring-offset-width: 0px; --tw-ring-offset- --tw-ring- --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; padding: 0px; margin: 0px 0px 0.5rem; max-width: 100%; line-height: 22.4px; font-weight: 300 !important; font-family: __Poppins_ed4ad5; font-size: 14px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background- text-decoration-thickness: initial; text-decoration-style: initial;">Hashed Network is strengthening the Polkadot ecosystem by helping web2 businesses innovate and/or transition into web3 companies with a customer-value-first approach. Please let us know if you have any questions. 
<p style="box-sizing: border-box; --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-scroll-snap-strictness: proximity; --tw-ring-offset-width: 0px; --tw-ring-offset- --tw-ring- --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; padding: 0px; margin: 0px 0px 0.5rem; max-width: 100%; line-height: 22.4px; font-weight: 300 !important; font-family: __Poppins_ed4ad5; font-size: 14px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background- text-decoration-thickness: initial; text-decoration-style: initial;">Resubmitted with decision deposit.&nbsp;

Problem Statement:
- The problem is the lack of a channel between AssetHub and Hashed Network, which limits the ability of projects on Hashed Network to leverage stable coins and hinders the adoption of Polkadot native USDC and USDT.

Significance:
- Opening a channel between AssetHub and Hashed Network will allow projects on Hashed Network to use stable coins and strengthen the value proposition of Polkadot.

Proposed Solution:
- The proposal is to open a channel between AssetHub (ParaID 1000) and Hashed Network (ParaID 2093).

Expected Outcomes:
- Increased adoption of Polkadot native USDC and USDT.
- Strengthening of the Polkadot ecosystem by helping web2 businesses transition into web3 companies.

#456 Open HRMP channels between AssetHub and Hashed Network

No Active Proposals