Galaxy and Agora have completed the first over-the-counter transaction involving Agora’s stablecoin, AUSD. The transaction marks the transition of AUSD from proof of concept to real-world implementation. AUSD aims to take market share from existing stablecoins like Circle’s USDC and Tether’s USDT. The stablecoin market has been growing rapidly on Trump’s promise to make the US the “crypto capital of the world.” The rise of stablecoins for DeFi is a positive sign. Agora touts AUSD as a “maker-focused” stablecoin. Share your thoughts in the comments.