This is a referendum whose proposer address (0x7df5e9e405516c79ff24919b2d4fe7de6310d77a) is shown in on-chain info below. Only this user can edit this description and the title. If you own this account, login and tell us more about your proposal.

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# <weight>
- `O(1)`
# </weight>

Problem Statement & Audience:
- Problem: The proposal aims to register the foreign asset USD Coin (Moonbeam Wormhole).
- Audience: Users of the Polkassembly Democracy platform.

Significance:
- The proposal allows for the registration of USD Coin (USDC) as a base asset in prediction markets.
- USDC can be used to pay fees on the platform.

Proposed Solution:
- Utilize the `MultiLocation` of the USDC Wormhole contract on Moonbeam at address [0x931715FEE2d06333043d11F658C8CE934aC61D0c](https://moonscan.io/address/0x931715FEE2d06333043d11F658C8CE934aC61D0c#code).

Expected Outcomes:
- USDC will be immediately available as a base asset in prediction markets.
- Users can utilize USDC to pay fees on the platform with a fee factor of approximately 0.038 (USDC/ZTG) initially used for the conversion.

Referendum #46