Terra’s Anchor Protocol to Launch on Polkadot DeFi Hub Acala

All told, backers of both Acala and Terra expect the tie-up to grow the decentralized stablecoin market – a segment of the crypto economy that has swelled to over $25 billion. The total stablecoin market (dominated by dollar-backed USDT and USDC) has surpassed $180 billion in market capitalization.