Acala USD Stablecoin (aUSD)

    The Acala USD stablecoin (aUSD) is a stablecoin that operates on the Acala Network blockchain and is pegged to the US dollar in a 1:1 ratio. The aUSD currency facilitates the operation of the Acala Network and is essential to the Acala decentralized finance (DeFi) platform. Users can borrow USD after depositing cryptocurrency assets such as bitcoin (BTC), ether (ETH), or polkadot (DOT) via the Honzon stablecoin protocol’s Collateralized Debt Position (CDP).