Agora To Launch US Dollar Stablecoin On Injective, Bolstering Liquidity Between DeFi And TradFi

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 …

Full story available on Benzinga.com