Agora and Galaxy completed the first real-time transaction of the AUSD stablecoin

AUSD from Agora is the latest participant in the booming stablecoin market.

Asset manager Galaxy and stablecoin issuer Agora completed the first over-the-counter transaction with AUSD, Agora's stablecoin, as announced on January 8.

"This operation marks the transition of AUSD from proof of concept to real-world application," said Nick van Eck, CEO of Agora.

Agora's AUSD is the latest stablecoin trying to capture market share from existing ones, such as USDC

USDC

tickers down

€0.9694

and Tether

USDT

tickers down

€0.9689

from Circle. It joins other relatively new ones like USDe from Ethena.