According to TechFlow, financial startup Agora announced that its upcoming AUSD stablecoin will be released on Sui. AUSD becomes the second stablecoin released on Sui after FDUSD. AUSD is Agora's first product and the leading product in its efforts to build a global financial infrastructure. The stablecoin AUSD is expected to be issued in June this year and will remain equal to the US dollar. Agora has previously announced that it will release AUSD on Ethereum, Arbitrum and Optimism. Sui is the first non-Ethereum virtual machine blockchain to support AUSD.