Hydration, the leading DeFi protocol on Polkadot by total value locked (TVL), has introduced its native stablecoin, HOLLAR, as of September 22. HOLLAR is a decentralized, over-collateralized stablecoin backed by a diverse basket of cryptocurrencies, including DOT, ETH, and BTC. The stablecoin is integrated with Hydration's suite of trading, lending, and staking products, and is initially capped at 2,000,000 tokens with a 5% annual borrow rate. Dr. Gavin Wood, the creator of Polkadot, commended the launch of HOLLAR, highlighting its decentralized nature and the use of DOT as collateral. This development marks a significant step for Hydration in expanding its DeFi offerings on the Polkadot network.