Acala Dollar (Acala)

ACALAUSD is primarily used within the Polkadot and Kusama ecosystems for transactions that require a stable medium of exchange. It allows users to engage in DeFi activities, including earning, spending, trading, and accessing services without the price volatility associated with other digital assets. This stablecoin also facilitates remittances, on-and-off ramps, and can be utilized by projects as a quote asset for listings. Its design as a DeFi building block aims to foster ecosystem growth and product innovation.

The official Acala Dollar ticker is “AUSD” and trades under that name on all the exchanges where it has been listed. The designation “ACALAUSD” is for CryptoCompare.com only.