Tag: ausd

Aug 15 2022

Acala Stablecoin aUSD Collapses After Parachain Exploit

Aug 15 2022 Published at Crypto Briefing under tags  acala ausd news polkadot

Acala quickly put the network in maintenance mode, pausing on-chain swaps, Polkadot cross-chain communications, and oracle price feeds to keep the stolen funds from leaving the parachain. Acala USD Depegs...

Aug 14 2022

Not Another UST; Acala Team Shares Positive Update On aUSD Hack

Aug 14 2022 Published at Coingape under tags  acala altcoin news ausd crypto hack news

Earlier today, Polkadot DeFi's hub Acala had its stable coin aUSD, exploited for about 1.2 billion aUSD. It has...

Polcadot’s Acala Dips By 70% After Hackers Issued 1.2 Billion AUSD

Aug 14 2022 Published at Coingape under tags  ausd crypto defi defi news hacker

Yet another DeFi protocol has been tampered by hackers, who, in the last couple of months, have succeeded in breaching security of many other...

May 30 2022

How to use the Acala DeFi Protocol in Polkadot?

Acala is the premium DeFi protocol in the Polkadot Ecosystem. It has a varied suite of services. Their aUSD stablecoin is also getting a lot of traction getting support from a $250 million fund. This makes the Acala Protocol interesting for DeFi users. In this guide, we will learn, how to bridge DOT to Acala, how to use Liquid Staking and how to...

May 29 2022

Will aUSD Be the Next Big Stablecoin?

The recent UST (now known as USTC – Terra Classic USD) debacle has raised grave concerns over the future of decentralized stablecoins. According to CoinGecko, the market cap of UST reached as high as $18 billion, but now it is at $0.29 billion. Luna (now known as LUNC - Luna Classic), the token that had an inverse burning and minting...

Nov 30 2021

Avaware Stablecoin ($AUSD) Goes Live

Focused on its mission to strengthen decentralized finance (DeFi) on the Avalanche network, Avaware has announced the launch of its stablecoin ($AUSD). Avaware is making a big impact in the Avalanche ecosystem. They announced their stablecoin launch via an official blog post. According to the announcement, users can now mint or redeem $AUSD on the Avaware dApp. Also, Avaware via its official Twitter...

Feb 15 2021

Injective Partners Acala To Integrate aUSD Into Polkadot

Layer 2 decentralized exchange protocol Injective has announced a partnership with Acala to integrate the Acala Dollar (aUSD) into its Polkadot-based derivative trading ecosystem. According to the announcement, the integration of aUSD will provide a stable and...

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