What happened to Acala dollar?

So, can you tell me what exactly happened to the Acala dollar? I've been hearing a lot of chatter about its recent decline in value and I'm curious to know the underlying reasons behind it. Was it due to market volatility, or were there any specific events that triggered this downturn? I'm also interested in knowing if the Acala team has issued any statements or updates addressing this issue, and what their plans are to stabilize the currency in the future. As a cryptocurrency investor, I'm always looking to stay informed and make informed decisions, so I appreciate your insights on this matter.