Acala is the decentralized finance hub and stablecoin on Polkadot, enabling swift and convenient use and construction of financial applications that enhance transaction efficiency and save time. The platform offers a suite of native financial tokens: multi-collateral stablecoins backed by cross-chain assets like Bitcoin, trustless staking derivatives, and a decentralized exchange that unleashes liquidity and fuels financial innovation. Acala is a true open platform for financial applications, capable of using smart contracts or built-in protocols, with seamless cross-chain capabilities and robust security.
The Acala Dollar is a stable cryptocurrency that can always be redeemed for 1.00 USD per Acala Dollar, maintaining its price stability. On Acala, eligible customers earn rewards for every Acala Dollar they hold.