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PARALLEL FINANCE ANNOUNCES PARTNERSHIP WITH ACALA NETWORK ON aUSD ECOSYSTEM FUND, ENABLING BRIDGELESS PARACHAIN TRANSFER

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Parallel Finance, the leading decentralized lending and staking protocol that aims to bring decentralized finance to the mainstream, today announced its partnership with Acala Network on its new aUSD Ecosystem Fund that supports and invests in early-stage startups building on any parachain with a strong aUSD use case. Acala is a decentralized finance hub and stablecoin platform powering cross-blockchain liquidity and applications.

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