Acala Network to resume operations after burning 2.7B in aUSD stablecoin

by Aurelia Butler 27 September 2022, 00:00 119 Views

In August, a misconfiguration of the iBTC/aUSD liquidity pool led to a 3.022 billion aUSD to be erroneously minted, taking its price to less than $0.01 from its dollar peg. Acala is a decentralized finance platform built on the Polkadot (DOT) ecosystem.

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Source: Cryptocurrency - investing.com

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Acala Network to resume operations after burning 2.7B in aUSD stablecoin

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