Institutional-grade stablecoin AUSD issued on Injective, Moo Deng perpetual contract launched on Helix
📆Injective Ecosystem Weekly Report (10.28 - 11.3)
🔸Major Progress
- Agora issues AUSD stablecoin on Injective: AUSD is an institutional-grade US dollar stablecoin fully backed by cash, US Treasuries, and overnight reverse repurchase agreements, pegged 1:1 to the US dollar, with a current circulating supply of over 65 million USD.
- Moo Deng 10x leverage perpetual contracts are now live on Injective's Helix decentralized market.
🔹Other Highlights
- Injective CEO Eric Chen attended a seminar at New York University on the challenges and opportunities for institutions participating in the blockchain space.
- DojoSwap has passed the code audit by Zellic Security, with the audit report set to be released soon.
♦️Summary
An increasing number of institutions are choosing to issue compliant stablecoins or funds on Injective. Clearly, Injective is gradually developing into a financial-grade decentralized ecosystem, providing stable, compliant, and scalable financial infrastructure for both institutional and individual users.
