Galaxy and Agora completed the first Over-the-counter Trading of Stable Coin AUSD

According to the announcement on January 8th, asset management company Galaxy and Stable Coinissuance party Agora completed the first Over-the-counter Trading involving Agora Stable Coin AUSD. “This transaction marks the transition of AUSD from concept validation to practical application,” said Nick van Eck, CEO of Agora, in a statement. Agora positions AUSD as a ‘builder-centric’ Stable Coin, aiming to attract traders and developers with ‘gas optimization’ smart contracts. It also states that the Stable Coin is fully backed by collateral held by one of the world’s largest asset management companies and undergoes regular reserve audits. Agora aims to position AUSD as the cornerstone of the institutional Stable Coin market as the regulation of digital assets in the United States takes shape.

GAS-1.57%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)