payment updates

.github/pull_request_template.md

@@ -14,7 +14,7 @@
 
 - [x] The [application template](https://github.com/w3f/Grants-Program/blob/master/applications/application-template.md) has been copied and aptly renamed (`project_name.md`).
 - [ ] I have read the [application guidelines](https://github.com/w3f/Grants-Program/blob/master/docs/Support%20Docs/grant_guidelines_per_category.md).
-- [ ] Payment details have been provided (Polkadot AssetHub (DOT, USDC & USDT) address in the application and bank details via email, if applicable).
+- [ ] Payment details have been provided (Polkadot AssetHub (USDC & DOT) address in the application and bank details via email, if applicable).
 - [ ] I understand that an agreed upon percentage of each milestone will be paid in vested DOT, to the Polkadot address listed in the application.
 - [ ] I am aware that, in order to receive a grant, I (and the entity I represent) have to successfully complete a KYC/KYB check.
 - [ ] The software delivered for this grant will be released under an open-source license specified in the application.

README.md

@@ -140,7 +140,7 @@ The W3F Grants Program offers different grant levels to help you best, depending
 
 ## :pencil: Process
 
-> **:loudspeaker:** At least 50% (as defined in your grant agreement) of each milestone payment is made in DOT (linearly vesting over 2 years). The remainder is paid in_either_ USDT or USDC on the Polkadot [AssetHub](https://wiki.polkadot.network/docs/learn-assets) _or_ fiat (USD, EUR, CHF). Please indicate your preference in the application [as outlined in our application template](https://github.com/w3f/Grants-Program/blob/master/applications/application-template.md?plain=1#L7). If you want to apply in **private**, you can do so [:arrow_right: here](https://docs.google.com/forms/d/e/1FAIpQLSfMfjiRmDQDRk-4OhNASM6BAKii7rz_B1jWtbCPkUh6N7M2ww/viewform). Note that this is generally a slower process and imposes stricter requirements on applicants.
+> **:loudspeaker:** At least 50% (as defined in your grant agreement) of each milestone payment is made in DOT (linearly vesting over 2 years). The remainder is paid in USDC on the Polkadot [AssetHub](https://wiki.polkadot.network/docs/learn-assets). Please indicate your preference in the application [as outlined in our application template](https://github.com/w3f/Grants-Program/blob/master/applications/application-template.md?plain=1#L7). If you want to apply in **private**, you can do so [:arrow_right: here](https://docs.google.com/forms/d/e/1FAIpQLSfMfjiRmDQDRk-4OhNASM6BAKii7rz_B1jWtbCPkUh6N7M2ww/viewform). Note that this is generally a slower process and imposes stricter requirements on applicants.
 
 ### 1. Application
 
@@ -215,7 +215,7 @@ Please note that:
 
 We give away 500 USD to each referral of a successful grant application by _anyone having previously worked on a Web3 Foundation grant_ or _a [Polkadot Ambassador](https://wiki.polkadot.network/docs/ambassadors)_. Web3 Foundation and Parity employees do not qualify for the program, even if they previously worked on a grant.
 
-In order to be eligible for the referral bonus, the application itself must contain the name of the [Polkadot Ambassador](https://wiki.polkadot.network/docs/ambassadors) or the GitHub account of the grantee as well as the payment address for the referral bonus (see the [application template](applications/application-template.md)). Payment is made in USDT/USDC on Polkadot AssetHub after delivery and approval of the first milestone.
+In order to be eligible for the referral bonus, the application itself must contain the name of the [Polkadot Ambassador](https://wiki.polkadot.network/docs/ambassadors) or the GitHub account of the grantee as well as the payment address for the referral bonus (see the [application template](applications/application-template.md)). Payment is made in USDC on Polkadot AssetHub after delivery and approval of the first milestone.
 
 ## :bulb: Help
 

docs/Process/how-to-apply.md

@@ -10,7 +10,7 @@ If you want to apply in **private**, you can do so [:arrow_right: here](https://
 
 :::info
 
-At least 50% (as defined in your grant agreement) of each milestone payment is made in DOT (linearly vesting over 2 years). The remainder is paid in _either_ USDT or USDC on the Polkadot [AssetHub](https://wiki.polkadot.network/docs/learn-assets) _or_ fiat (USD, EUR, CHF). Please indicate your preference in the application [as outlined in our application template](https://github.com/w3f/Grants-Program/blob/master/applications/application-template.md?plain=1#L8). 
+At least 50% (as defined in your grant agreement) of each milestone payment is made in DOT (linearly vesting over 2 years). The remainder is paid in USDC on the Polkadot [AssetHub](https://wiki.polkadot.network/docs/learn-assets). Please indicate your preference in the application [as outlined in our application template](https://github.com/w3f/Grants-Program/blob/master/applications/application-template.md?plain=1#L8). 
 :::
 
 

docs/faq.md

@@ -17,7 +17,7 @@ title: 🙋 FAQ
 
 ### What does it mean for payments to be at least 50% DOT?
 
-  Every milestone payment will have two parts: one in DOT, vesting linearly over two years. The percentage of your grant paid in DOT ranges from 50 to 100% and will be negotiated during the application phase. For this, we need a Polkadot address in the grant agreement. It has to be a native Polkadot address as this is the only way to receive vested DOT that can be staked. The remaining percentage of the payment is in the currency of your choice (see "Payment Details" in the application template for options). For the payment, please submit two invoices: one for the currency part (if applicable), one for the DOT part. Since the grant agreements are denominated in USD, we ask for invoices denominated in USD; we will convert the agreed upon percentage to DOT at the day of payment based on the previous day's closing price on [CoinMarketCap](https://coinmarketcap.com). Our [invoice form](https://docs.google.com/forms/d/18BdmYEt8gvcC-5f7TMHdJftBr9dEeA2_lUfIqkH7it8/viewform) will walk you through the process.
+  Every milestone payment will have two parts: one in DOT, vesting linearly over two years. The percentage of your grant paid in DOT ranges from 50 to 100% and will be negotiated during the application phase. For this, we need a Polkadot address in the grant agreement. It has to be a native Polkadot address as this is the only way to receive vested DOT that can be staked. The remaining percentage of the payment is in USDC, to be paid on Polkadot Asset Hub (see "Payment Details" in the application template for options). For the payment, please submit two invoices: one for the currency part (if applicable), one for the DOT part. Since the grant agreements are denominated in USD, we ask for invoices denominated in USD; we will convert the agreed upon percentage to DOT at the day of payment based on the previous day's closing price on [CoinMarketCap](https://coinmarketcap.com). Our [invoice form](https://docs.google.com/forms/d/18BdmYEt8gvcC-5f7TMHdJftBr9dEeA2_lUfIqkH7it8/viewform) will walk you through the process.
 
 ### What activities/positions do you fund?