Acala (ACA) is the native token of the Acala Network, a DeFi hub and stablecoin platform on Polkadot. ACA is used for governance, staking, network fees, and as collateral for the platform’s stablecoin, aUSD. The Acala Network aims to facilitate cross-chain liquidity and offers financial applications like a multi-collateralized stablecoin and a decentralized exchange. Acala was founded by Ruitao Su and Bette Chen.
