Acala USD Stablecoin (aUSD)

The Acala USD stablecoin (aUSD) is a stablecoin that works on the Acala and is tied to the US dollar at a 1:1 ratio.

The aUSD enables the functioning of the Acala and is crucial to the Acala finance (DeFi) platform.

Users can borrow USD after depositing assets such as bitcoin (BTC), ether (ETH), or polkadot (DOT) using the Honzon stablecoin ’s Collateralized Debt Position (CDP).