Agora's US Dollar Stablecoin Launch on Injective Enhances DeFi and TradFi Liquidity
Thursday, 31 October 2024, 11:17
Agora's Launch of AUSD on Injective
Agora is gearing up for the launch of its US Dollar stablecoin, AUSD, on the Injective blockchain. This initiative aims to significantly enhance liquidity between decentralized finance (DeFi) and traditional finance (TradFi). Notably, AUSD is fully backed by VanEck, with custodial services provided by State Street.
Key Features of AUSD
- Seamless Integration: AUSD will allow for easy transactions both in DeFi and TradFi.
- Strong Backing: VanEck and State Street's involvement brings credibility and security.
- AUSD acts as a bridge, facilitating smoother exchanges between crypto and fiat assets.
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