Agora Launches AUSD Stablecoin on Avalanche Network

In Brief

Agora has successfully launched AUSD directly on the Avalanche blockchain, providing instant access through platforms such as Trader Joe, BENQI, Trensi, and Pharaoh, among others.

The creator of the US Dollar-linked stablecoin AUSD has shared a successful update about deploying it directly on the Avalanche blockchain. Agora At present, users can access this innovative stablecoin across a range of decentralized platforms like Trader Joe, BENQI, Trensi, Pharaoh, and more. Avalanche This platform makes trading AUSD seamless and efficient, boasting low slippage thanks to its Liquidity Book model that consolidates liquidity for optimal trading. This is particularly beneficial for users engaging in larger transactions and allows global access to AUSD via decentralized finance (DeFi), leading to enhanced liquidity and visibility within the market.

Trader Joe In addition, BENQI boosts the functionality of AUSD by providing robust options for lending, borrowing, and staking, thereby integrating AUSD more deeply into the Avalanche DeFi landscape. Other significant players in the ecosystem include Pharaoh Exchange.

AUSD represents a digital stablecoin leveraging gas-efficient smart contracts, designed to minimize transfer costs. It is fully backed by reserves that include cash, US Treasury bills, and overnight reverse repurchase agreements. These assets are managed by VanEck, a well-respected asset management firm overseeing assets exceeding $100 billion and safely kept at State Street. Dexalot , and Wombat Exchange.

We are excited to share that you can now perform transactions, trade, and make payments with significant liquidity, and we are planning to expand availability to more applications.

Introducing AUSD to Avalanche

Avalanche's compatibility with Ethereum's Virtual Machine (EVM) and its rapid transaction finality, coupled with affordable fees and customizable options, empower the AUSD team to utilize a dependable and scalable infrastructure. Furthermore, Avalanche has a thriving DeFi community, growing its footprint in real-world assets (RWAs) and inviting greater institutional participation. This all creates a perfect setting for AUSD to garner attention from crypto lovers and blockchain-focused enterprises alike. @withAUSD on @avax .

AUSD is live on @TraderJoe_xyz This platform offers a decentralized environment designed to support the creation of applications within an ecosystem that is both scalable and interoperable. By implementing a unique consensus mechanism, it ensures nearly instant transaction finality, making it an exceptional choice for global financial applications. The infrastructure is built to host both dApps and enterprise-level blockchain solutions. @BenqiFinance , @Trensi_fi , @PharaohExchange , and more. https://t.co/w86qh4OiS0
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Alisa, a passionate reporter at Cryptocurrencylistings, focuses on cryptocurrency, zero-knowledge proofs, investments, and the expansive universe of Web3. With a sharp eye for new trends and technological advances, she provides extensive analysis to engage and inform readers in the rapidly changing digital finance landscape. uz Enso, LayerZero, and Stargate Collaborate to Execute One of Ethereum's Largest Liquidity Transfers to Unichain

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