Acala's New $250 Million Fund To Drive Adoption of aUSD On Polkadot

Acala, a prominent parachain on Polkadot, has launched a $250 million ecosystem fund to boost the adoption of its stablecoin, aUSD. The fund will support early-stage startups that are creating applications that have strong stablecoin use cases on Kusama or Polkadot parachains.