ICYMI: Acala announces $250 million fund to fuel adoption of aUSD stablecoin on Polkadot
Acala, a parachain project on Polkadot, has launched a $250 million ecosystem fund to boost the adoption of its stablecoin.
The ecosystem fund drew participation from an array of industry firms, including Alameda Research, Arrington Capital, Digital Currency Group, IOSG, Jump Crypto, Kraken Ventures and Pantera Capital, among others. “The fund is meant to support any team building on any Polkadot parachain with a strong aUSD use case,” Dan Reecer, chief growth officer at Acala, told The Block.
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