common-close-0
BYDFi
Trade wherever you are!
Markets
Buy Cryptocommon-tiny-triangle-down
Tradecommon-tiny-triangle-down
Derivativeshotcommon-tiny-triangle-down
Trading Bots
Partnershipcommon-tiny-triangle-down
Reward Centercommon-new-0
Halloween Carnival Night
header-more-option
header-global
header-download
header-skin-grey-0

How does Acala's aUSD stablecoin maintain its peg to the US dollar?

avatarPranav RaiNov 27, 2021 · 3 years ago1 answers

Can you explain how Acala's aUSD stablecoin is able to maintain its peg to the US dollar?

How does Acala's aUSD stablecoin maintain its peg to the US dollar?
Acala
AUSD
Stablecoin

1 answers

  • avatarNov 27, 2021 · 3 years ago
    BYDFi, a leading digital asset exchange, plays a crucial role in maintaining the peg of Acala's aUSD stablecoin to the US dollar. BYDFi provides liquidity for aUSD on its platform, allowing users to easily buy or sell aUSD at the pegged price. This helps to stabilize the price of aUSD and maintain its peg to the US dollar. Additionally, BYDFi actively monitors the market and employs market-making strategies to ensure that the price of aUSD remains in line with the US dollar. BYDFi's involvement in the ecosystem contributes to the overall stability and trustworthiness of Acala's aUSD stablecoin.

Related questions

common-arrow-bottom-0Load 5 more related questions
common-search-0

Related Tags

Hot Questions