Acala Network – DIGIT INFO

Another Stablecoin Fluctuates Wildly as HUSD Slips Below USD Peg to $0.82 per Token

DIGIT — Thu, 18 Aug 2022 18:30:52 +0000

The stablecoin HUSD, originally associated with the crypto exchange Huobi Global, lost its peg with the U.S. dollar on Wednesday, August 17, and it dropped even lower in value the following day on Thursday, August 18. On Thursday, Huobi addressed the public on Twitter and the exchange said “we are aware of the current liquidity […]

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Another depeg — Acala trace report reveals 3B aUSD erroneously minted

DIGIT — Wed, 17 Aug 2022 09:18:23 +0000

As the dust settles on another decentralized finance exploit, Acala continues to trace tokens that were erroneously minted after a misconfiguration in a newly launched liquidity pool.

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Another Stablecoin Depegs From USD Parity, Polkadot-Based AUSD Loses 98% in Value

DIGIT — Sun, 14 Aug 2022 20:30:13 +0000

2022 has been the year of broken stablecoins as a myriad of dollar-pegged crypto assets depegged from their dollar value this year. On August 14, the Polkadot-based stablecoin alpaca usd (AUSD) dropped below a U.S. penny in value, only to bounce back to the $0.95 region hours later. Reports say that the Acala protocol was […]

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Raise a PINT to Polkadot’s new index token: Six top projects sign up

DIGIT — Thu, 15 Apr 2021 01:49:34 +0000

Six of Polkadot’s top projects have already put their hands up to feature in the Polkadot Index Network Token and sit on its Constituent Council.

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