aUSD News

Nick van Eck’s Agora AUSD launches on Ethereum in June, introducing Stablecoin 3.0 to transform the digital currency. The post Nick van Eck’s Agora AUSD Launches on Ethereum in June, Marking Stablecoin 3.0 Era appeared first on BeInCrypto.

Van Eck is launching the AUSD stablecoin after a very successful $12 million funding round while VC firm Paradigm is in discussions with investors to secure a funding round worth between $750 million and $850 million.

SNEAK PEEK The Acala Network has resumed operations after inadvertently printing over $3 billion in stablecoins with the help of its community. The error would be fixed, and parity with the U.S. dollar would be restored before operations could be...

SNEAK PEEK Acala Network has recently released a Full Trace Report of the iBTC/aUSD liquidity pool misconfiguration that resulted in error mints of a notable aUSD amount. As per the report, a total of 281 involved addresses were traced, and 42.482M...

Acala has successfully burnt 1.288 billion aUSD reportedly lost to hackers during the Sunday exploit. The post Acala burns 99% of aUSD involved in mint exploit appeared first on CryptoSlate.

Developers said trace reports were underway to identify the transactions performed by the 16 wallet addresses connected to the exploit.

Polkadot ecosystem’s stablecoin Acala ($aUSD) suffered an exploit over the weekend that led to a malicious actor minting $1.2 billion out of thin air. The post Acala submits governance proposal to burn $1.28B aUSD following investigation of exploit...

Acala Network became the latest Defi network to suffer an exploit after hackers breached the network and issued 1.2 billion aUSD tokens. The post Acala Network aUSD Depegs by 99% as Hacker Issues Over 1 Billion Tokens appeared first on BeInCrypto.

The bearish conditions in the cryptocurrency market are creating an opportunity for projects in the crypto and blockchain sector to catch their breath and focus on building their products. There’s also interesting developments going on that...

It is rare to see week-long ecosystem growth, on one hand, followed by a week-long drop in prices on the other. But that has been the case with Anchor as it rose to, correction fell to become the leader of the biggest losers this week. Someone...