Injective introduces Agora's $AUSD as its first native stablecoin

#Injective announces the launch of its first native stablecoin, $AUSD, to bolster liquidity between #DeFi and #TradFi markets while providing a seamless on-ramp for Injective dApps globally. $AUSD is a fully collateralized US digital dollar backed by cash, US treasury bills and overnight reverse repurchase agreements. It is intended to maintain a stable value of $1, ensuring consistency across all transactions.

Injective is an open, interoperable #Layer1 blockchain powering DeFi applications, including decentralized spot and derivatives exchanges, prediction markets, lending protocols and more.

👉 blog.injective.com/en/agora-to-launch-native-us-dollar-stablecoin-on-injective/