Current market is very sensitive to stablecoins stability and regulatory developments and yet
- we have Alpaca stablecoin sharing the same name with Acala stable
- we advertise AUSD on CMC based on PCS low liquidity pair
Acala AUSD is having a bad time because of a still unkown issue on the LP of their protocol.
On CoinMarketCap Alpaca AUSD is giving a very BAD first look being based on PancakeSwap low liquidity + AcalaSwap AUSD/INTR.
This is creating confusion of all sorts.
I would open a discussion for
- rename AUSD (probably not possible anymore at this stage?)
- delist AUSD from CDC until the information displayed can be considered beneficial to the token. PCS low liquidity does not seem optimal.
Alpaca AUSD currently sits at $0.01188 -98.80% due to the AUSD/INTR mapping from acala.
Again the naming creates confusions of all sorts
Not sure what is the value proposition and quality checks in place for having AUSD being listed on CMC this way