๐ต๐ต% ๐ผ๐ณ ๐ฐ๐ฟ๐๐ฝ๐๐ผ ๐๐ฟ๐ฎ๐ป๐๐ฎ๐ฐ๐๐ถ๐ผ๐ป๐ ๐ฟ๐ฒ๐น๐ ๐ผ๐ป ๐๐ป๐๐๐ฎ๐ฏ๐น๐ฒ ๐ฐ๐ผ๐ถ๐ป๐ ๐ฎ๐ป๐ฑ ๐ต๐ถ๐ด๐ต ๐ณ๐ฒ๐ฒ๐.
Thus leaving DeFi users vulnerable to market fluctuations and expensive trades.
Imagine waiting hours for transactions to clear while watching your crypto value fluctuate wildly.
This is the reality for many DeFi users trapped by unstable coins and high fees.
But what if I told you there's a solution on the horizon?
@Injective is redefining the possibilities of DeFi with the launch of its first native stablecoin, AUSD, which is set to transform how we interact with blockchain-based financial systems.
โฃ What is AUSD?
AUSD is Agora's fully collateralized, institutional-grade US digital dollar backed by cash, US Treasury bills, and overnight reverse repurchase agreements. Managed by $100B asset management firm @vaneck_us and custodied by $4.1T AUM firm @StateStreet, each AUSD token aims for $1 USD redemption.
Unlike other stablecoins, AUSD uses overcollateralization with a buffer exceeding necessary assets to maintain its peg, ensuring predictable and resilient stablecoin for users through technology.
โฃ How AUSD bridges DeFi with TradFi
AUSD serves as a powerful vehicle in Injective's initiatives, including burn auctions and on-chain staking, to ensure users benefit from ecosystem revenue.
Injective's ultra-low fees make complex DeFi transactions and cross-border remittances inexpensive.
Its high transaction throughput allows real-time transactions, offering some of the fastest time-to-finality in the blockchain industry.
โฃ Benefits of AUSD
AUSD offers several key benefits to users:
โ Stability: Each AUSD token is pegged to the US dollar, providing stability in an otherwise volatile crypto market.
โ Accessibility: With ultra-low fees and fast finality, AUSD removes barriers to financial inclusion, especially for cross-border remittance and underserved areas.
โ Institutional-grade backing: The assets backing AUSD are managed by VanEck and custodied by State Street, providing an additional layer of trust and security.
โ Seamless integration: AUSD can be used across various DeFi applications on Injective, including DEXs, staking platforms, and lending protocols.
โ Economic model alignment: AUSD is designed with its economic model aligned with businesses, making it a powerful tool for ecosystem participants.
By combining institutional-grade backing, ultra-low fees, and seamless integration across DeFi and TradFi, AUSD is destined to change the we interact with blockchain-based financial systems.
As #InjectiveBlockchain continues to expand its ecosystem, AUSD will play a crucial role in fostering innovation and driving adoption across various DeFi applications.
The future of DeFi has arrived, and it's pegged to the US dollar.
Believe in something.
Believe like a G.
Believe in $INJ ๐ฅท๐ป๐ซฑ๐ผโ๐ซฒ๐พ
