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

1 answers

• Mar 22, 2022 · 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.
  601301