Benzinga traveled to Permissionless, a cryptocurrency, DeFi and NFT conference hosted in West Palm Beach. Industry leaders among the likes of top VCs spoke at the event, and we have insider takes on the Terra Luna collapse, as well as what these founders, executives, and developers have been building in Web3.
Who better to talk to about the collapse of UST than Acala Network, the stablecoin protocol built using Polkadot’s layer 0 blockchain technology? Acala Network has developed a collateralized stablecoin –– aUSD –– intended to be the dominant multichain stablecoin.
