According to BlockBeats, on August 21, Agora announced the native deployment of its stablecoin AUSD on the Avalanche blockchain. AUSD is now available on various decentralized applications (DApps) including Trader Joe, BENQI, Trensi, and Pharaoh.

Previously, Agora had launched AUSD on Ethereum, Arbitrum, Optimism, and Sui. AUSD is a stablecoin pegged 1:1 to the US dollar.