Acala Stablecoins Near $1 Peg After Community Burns 1.2B aUSD Minted by Exploiters

Aave Passes Proposal for Yield Generating Stablecoin GHO

Acala’s native stablecoin, aUSD, came close to regaining its peg to the U.S. dollar after the Polkadot-based decentralized finance (DeFi) platform burned over 1.2 billion aUSD tokens that were minted by exploiters over the weekend who took advantage a bug in one of the platform’s liquidity pools.

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