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Polygon’s AggLayer adopts Agora’s AUSD as native currency
11.11.2024
AUSD now powers AggLayer on Polygon, optimizing crosschain liquidity and eliminating token bridges
What is Tether’s gold-backed stablecoin, ‘Alloy’ (aUSD₮)?
21.6.2024
Alloy by Tether introduces a new class of digital assets called tethered assets, designed to track the price of various assets using robust stabilization mechanisms
Dragonfly-Backed Stablecoin, Agora, to Launch Natively on Sui
31.5.2024
Agora, a stablecoin company that recently raised $12 million in its Series A funding round led by Dragonfly, has announced that it will launch its AUSD token natively on Sui. The company aims to produce a better stablecoin focusing on emerging markets, and sharing the revenue obtained with partners...
Agora launches AUSD Stablecoin on Sui, pioneering a new era in digital finance
30.5.2024
Agora, a leading financial technology company, has launched its new AUSD stablecoin on the Sui platform. This strategic move will enhance the stability and functionality of digital transactions, providing users with a reliable and efficient means of conducting business in the evolving digital...
‘Yield-bearing stables’ are not money or stablecoins: Agora’s van Eck
28.5.2024
Yield-bearing stablecoins are far more likely to be classed as security products in many countries and would restrict customer reach, argues the son of Jan van Eck
Acala Network to resume operations after burning 2.7B in aUSD stablecoin
26.9.2022
A total of 2.97 billion aUSD erroneously minted were recovered after the glitch
Acala community votes to burn 2.97 billion of erroneously minted aUSD stablecoin
22.8.2022
3.022 billion aUSD were previously minted via a liquidity bridge glitch
Tether Hires BDO Italia for Monthly Assurance Reports, USDT’s Quarterly Attestation Shows a 58% Decrease in Commercial Paper
20.8.2022
This week, the stablecoin issuer Tether Holdings Limited revealed an update to its assurance and attestation process and detailed that the company has been working with accounting firm BDO Italia. The accounting firm will conduct monthly tether assurance reports based on the stablecoin...
Another Stablecoin Fluctuates Wildly as HUSD Slips Below USD Peg to $0.82 per Token
18.8.2022
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...
Another depeg — Acala trace report reveals 3B aUSD erroneously minted
17.8.2022
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
Acala Stablecoins Near $1 Peg After Community Burns 1.2B aUSD Minted by Exploiters
16.8.2022
Developers said trace reports were underway to identify the transactions performed by the 16 wallet addresses connected to the exploit
Network and token freeze after Acala exploit raises questions
15.8.2022
The Acala hack saw over a billion aUSD stablecoins minted from thin air, but now community members are scratching their heads wondering how a decentralized protocol would handle the clean up
Another Stablecoin Depegs From USD Parity, Polkadot-Based AUSD Loses 98% in Value
14.8.2022
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...
Pendulum & Amplitude Team Up With Acala to Integrate aUSD
17.6.2022
Acala published a blog post to announce that it has integrated aUSD into the Pendulum and Amplitude parachains with Amber set to integrate the native token after its launch on Polkadot parachain. Pendulum seeks to leverage the token to facilitate the exchange services of fiat currency...
Polkadot parachains spike after the launch of a $250M aUSD stablecoin fund
25.5.2022
Polkadot parachains posted double-digit gains after partnership announcements, protocol integrations and a stablecoin development fund caught the attention of the crypto investors
Polkadot Parachains Partners with Venture Funds to Launch aUSD Fund
24.3.2022
Polkadot Parachain has decided to prepare a 250 million dollar aUSD Ecosystem Fund to boost its native stablecoin, Acala USD. Members from nine Polkadot parachains joined hands with Venture Funds to assist emerging startups. The latest Ecosystem Fund will help provide robust use-cases for...
Rand Brings New Yield Aggregator Strategies with Acala for aUSD Leverage
23.2.2022
The recent integration of Acala with the dApp Rand has excited the holders of the aUSD stable coins. Rand will deploy Acala’s EVM+ to introduce new yield aggregator strategies for the platform and the Rand app, producing interest revenue for its customers through the leverage of aUSD...