Yet Another Stablecoin Looses Its Peg | Acala USD (aUSD)

Acala USD (aUSD), the native stablecoin of Polkadot, lost its peg to the U.S. Dollar and dropped to a new all-time low of $0.0054 on 14 August following an attack that exploited the platform’s smart contracts to mint excess coins. Acala has regained ground after burning 1.29 billion aUSD tokens and has now recovered nearly 3 billion tokens.

  • Acala USD (aUSD) lost peg to the U.S. Dollar and dropped to a low of $0.0054
  • The de-pegging comes following an attack that minted excess aUSD tokens
  • Close to regaining its peg following a decision to burn 1.29 aUSD tokens
  • Acala used trace reports to recover nearly 3 billion tokens

In an event that seems all too familiar for investors, another stablecoin has lost its peg to the U.S. Dollar. Unfortunately, this de-pegging has become a seemingly frequent occurrence in the stablecoin and crypto world. In theory, stablecoins make a lot of sense and are extremely useful for consumers. By eliminating volatility in the market, …

Yet Another Stablecoin Looses Its Peg | Acala USD (aUSD) Read More »

 

To view the rest of this page you need to have a subscription and be logged in.

You can login below or view our subscription options here.

Similar articles

Morgan Stanley Bullish on Chinese Assets | UBS Predicts Asia M&A Pick Up in Latter 2023

SBF Pleads Not Guilty to 8 Criminal Counts | Could Face Up to 115 Years

Mastercard Partners With Polygon

Shopify Merchants Can Now Sell Avalanche NFTs Through Online Storefronts

© 2022 Platypus Terminal | Terms of Use | Privacy Policy | Disclaimer | Cookies Policy

© 2022 Platypus Terminal | Terms of Use | Privacy Policy | Disclaimer | Cookies Policy

Platypus Terminal does not provide any investment advice, nor is anything mentioned an offer to sell, or a solicitation of an offer to buy any security or other instrument. Anything discussed is for informational purposes only and does not address the circumstances or needs of any particular individual or entity. Investing in Cryptocurrencies is high risk. Under no circumstances should investments be based solely on the information provided. We do not guarantee the security or completeness of our information, and are not held liable.

Play Video

Welcome

Close
1 of 14
Next
Filtering Tool
Bright Idea
Market Wrap
Meeting Minutes
Platypus Show
Expert Insight
Educational
Weekly Review
Monthly Report
Research Articles
Partner Program
Glossary
Information
Account

Thank you!

Free Report

"The Past, Present & Future of Money"

Download Now!

Bonus Report

"Top 5 Cryptocurrency Picks of 2022"

Download Now!

Navigate the Cryptocurrency Markets Like a Pro!

Get instant access to the most important cryptocurrency news, decision-based AI data, cutting edge information,

independent research, coin ratings, filtering tool, daily market video insights, shows, educational content and much more...

LIVE COIN
DATA
COIN
RATINGS
TECHNICAL ANALYSIS
INDICATOR
AI DRIVEN SEARCH
& SOCIAL DATA
DAILY CRYPTO
MEETING MINUTES
WEEKLY
REVIEW
DAILY MARKET
WRAP VIDEO
MONTHLY
REPORT
DAILY NEWS
ARTICLES
FILTERING
TOOL
EDUCATIONAL
VIDEOS
PLATYPUS
SHOW
Request Demo
Request Demo

Navigate the Cryptocurrency Markets Like a Pro!

Get instant access to the most important cryptocurrency news, decision-based AI data, cutting edge information, independent research, coin ratings, filtering tool, daily market video insights, shows, educational content and much more...

LIVE COIN
DATA
COIN
RATINGS
TECHNICAL ANALYSIS
INDICATOR
AI DRIVEN SEARCH
& SOCIAL DATA
DAILY MARKET
WRAP VIDEO
MONTHLY
REPORT
DAILY NEWS
ARTICLES
FILTERING
TOOL
DAILY CRYPTO
MEETING MINUTES
WEEKLY
REVIEW
EDUCATIONAL
VIDEOS
PLATYPUS
SHOW
Sign up for your Free 48-Hour Trial
Request Demo
DAILY MARKET WRAP VIDEO
DAILY NEWS ARTICLES
LIVE COIN DATA
FILTERING TOOL
MONTHLY REPORT
EDUCATION VIDEOS
PLATYPUS SHOW
COIN RATINGS
WEEKLY REVIEW
TECHNICAL ANALYSIS INDICATOR
AI DRIVEN SEARCH & SOCIAL DATA
DAILY CRYPTO MEETING MINUTES
Request Demo

Navigate the Crypto Markets Like a Pro!

Get instant access to the most important cryptocurrency news, decision-based AI data, cutting edge information, independent research, coin ratings, filtering tool, daily market video insights, shows, educational content and much more...

Thank you!

Free Report

"Top 5 Cryptocurrency Picks of 2022"

Download Now!

Bonus Report

"The Past, Present & Future of Money"

Download Now!

Welcome to Platypus Terminal Portal!

As a member of our community, you can login here to access our unique filtering tool, view our daily market wraps, educational videos and quizzes. You can also watch our weekly show and interviews with industry experts and read the latest research articles as well as our monthly report.

Back
2 of 14
Next

Live Coin Data, Charts & Unique Insights

Live coin prices, volume, historical performance and charting tools.

Back
3 of 14
Next

Coin Ratings

A ranking on each coin based on eight core characteristics including Tokenomics, Scalability, Security, Decentralization, Applications, Team & Developers, Users & Adoption as well as Community Strength.

Back
4 of 14
Next

AI Driven Data & Analytics

Tool’s and analysis on specific on chain data, macroeconomic trends, google search trends, social media sentiment, cross chain events and much more.

Back
5 of 14
Next

Daily Market Wrap Video

We bring daily Crypto market news globally and present this in a video format to provide the best insights and key market moving events, so clients stay well informed of any important updates and changes.

Back
6 of 14
Next

Daily News Articles

We believe that more information will empower our clients, so our Analysts write daily research articles that cover some of the best performing projects so that clients receive an even more in-depth overview of the industry.

Back
7 of 14
Next

Daily Cryptocurrency Meeting Minutes

A summary video of the research and content that was presented in our daily meetings from our team of experts, covering the most important macroeconomic news, global equity markets, top cryptocurrency performers, technical analysis and charting conducted on Bitcoin, Ethereum, as well as an overview of our “Bright Idea” for the day.

Back
8 of 14
Next

Bright Idea

An attractive cryptocurrency project identified using our strategy and in-depth analysis.

Back
9 of 14
Next

Filtering Tool

Our unique Crypto filtering tool allows clients access to some of the top performing blockchain projects in different sectors that have a solid whitepaper, team, technology, roadmap, and adoption so that they stay better informed and gain access to cutting edge information.

Back
10 of 14
Next

Weekly Review Report

A weekly report to keep you up to date and well informed, capturing major events during the week, including macroeconomic news, project announcements, partnerships, regulation, economic data releases and top movers.

Back
11 of 14
Next
Platypus Terminal-Members Area

Monthly Report

Our report provides the latest global news on Cryptocurrencies and some of the top performing projects that have good future prospects. The report gives a concise overview of each project focusing in on their technology, institutional backers, application, adoption, scarcity, roadmap, their future potential and team.

Back
12 of 14
Next

Educational Videos & Content

We have compiled a series of videos that go in-depth into the world of Blockchain and Cryptocurrencies including that of Technical Analysis to empower our clients, providing further knowledge and insight. We make the content interactive by testing our clients’ knowledge with a series of multiple-choice questions, scoring them and giving the correct answers at the end of each section.

Back
13 of 14
Next

Platypus Show & Expert Insights

Access one of the best crypto shows on the market highlighting the latest news, highly promising projects and expert interviews from around the globe.

Back
14 of 14
Close