Galaxy and Agora have completed the first over-the-counter trade using Agora's stablecoin, AUSD, marking its transition from concept to real-world use. AUSD aims to compete with major players like USDC and USDT, targeting developers with its "builder-focused" approach. The stablecoin market has been booming, with a total capitalization exceeding $210 billion, driven by increased demand post-Trump's election win. This surge benefits DeFi, as stablecoins serve as entry points. Agora positions AUSD as a key player in the institutional market, backed by strong collateral and regular audits.