Polkadot ecosystem tokens like $ACA, $GLMR and ASTAR flashed double-digit gains after the team launched a $250 million aUSD stablecoin development fund and revealed plans to integrate with Uniswap.
Crypto prices have been exploring new lows for weeks and currently it's unclear what it will take to reverse the trend. Despite the downtrend, cryptocurrencies within the Polkadot ecosystem began to rally on May 24 and have managed to maintain gains ranging from 10% to 25%, a possible sign that certain sub-sectors of the market are on the verge of a breakout.
Here’s a look at three Polkadot ecosystem protocols that have seen their token prices trend higher in recent days. platform on the Polkadot network, primarily due to the launch of aUSD, the first native stablecoin in the Polkadot ecosystem.and TerraUSD , traders were searching for"safer" stablecoin options.
On March 23, ACA rallied after the project announced the launch of a $250 million"aUSD Ecosystem Fund" that aims to support early-stage startups planning to build strong stablecoin use cases on any Polkadot or Kusama parachain. Acala, nine parachain teams, and a group of venture funds have launched the $250 million 'aUSD Ecosystem Fund' ️
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