Injective Launches Agora’s AUSD as its First Native Stablecoin | PR Newswire [Video]

Agora, co-founded by Nick van Eck, offers AUSD an institutional-grade stablecoin that pursues an open model.  AUSD, backed by Van Eck and custodied by State Street, bolsters liquidity between DeFi and TradFi markets.

, /PRNewswire/ — Injective, the blockchain optimized for finance, today announced the launch of its first native stablecoin on the Injective network: Agora’s fully collateralized U.S. digital dollar, AUSD. With the reserves managed by Van Eck and custodied at State Street, AUSD offers users one of the industry’s most institutional-grade assets to facilitate efficient transactions between Injective and primary markets.

AUSD as a native stablecoin enhances interoperability within Injective’s expansive DeFi network. The asset standardizes how users can trade across various markets and earn yield through staking and lending—benefiting directly from Injective’s rising economic value. By eliminating the need for bridges, AUSD allows seamless on and off ramp capabilities between Injective and centralized exchanges, which in turn facilitates a more liquid financial ecosystem where both DeFiand …