$XRP
Agora and Galaxy Complete First Live Transaction for Stablecoin AUSD
Agora’s AUSD is the latest entrant into the emerging stablecoin market.
Asset management firm Galaxy and stablecoin issuance firm Agora have completed the first over-the-counter transaction involving AUSD, the Agora stablecoin, according to an announcement on Jan. 8.
“This trade marks AUSD’s transition from proof-of-concept to real-world application,” Agora CEO Nie_K van Eyck said in a statement.
Agora’s AUSD is the latest stablecoin to seek market share from established players, such as Circle’s USDC and Tether. It joins other relative newcomers such as Ethena’s USDe.