.AcalaNetwork $aUSD gets its first cross-network integration dot polkadot
Acala, aka the most wealthy project on Polkadot
Acala, the first project to win the Polkadot parachain slot auction, is positioning itself as an Ethereum-compatible smart contracts platform optimized for DeFi. The platform offers a number of financial products, which include its own decentralized stablecoin, aUSD.a $250 million ecosystem fund to drive adoption of aUSD and accelerate the development of decentralized apps that use the stablecoin on Polkadot.
It seems that Polkadot with Kusama and their internal projects have also decided not to lose their heads in a bear market and start building the dip. Perhaps this news will make ecosystem fans happy, but it seems like so many networks and integrations are becoming more and more confusing.