Acala is Polkadot's decentralized financial center and stable currency, which can quickly and easily use and build financial applications, improve transaction efficiency and save time. The platform provides a set of financial native currencies: multi-collateralized stablecoins supported by cross-chain assets such as Bitcoin, pledged derivatives without trust, and decentralized exchanges to release liquidity and facilitate financial innovation. Acala is a truly open platform for financial applications, which can use smart contracts or built-in protocols, and has easy-to-operate cross-chain capabilities and strong security.
Acala Dollar is a stable cryptocurrency, 1 Acala Dollar can be exchanged for 1.00 USD at any time, maintaining its price stability. On Acala, eligible customers can earn rewards for every Acala dollar they hold.