Agora, co-founded by Nick Van Eck, is set to launch its US dollar stablecoin, AUSD, on Injective‘s blockchain, aiming to create a bridge for liquidity between decentralized and traditional finance markets.
What Happened: Backed by VanEck’s asset management and custodied by State Street, AUSD will be collateralized with a basket of cash, U.S. treasury bills, and overnight repurchase agreements, ensuring a 1:1 ratio with the US dollar.
This integration is expected to widen AUSD’s availability within the Injective ecosystem, facilitating transactions across decentralized exchanges (DEXs), on-ramps, and lending platforms.
“The launch of …
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