Ambit Finance is introducing a new decentralized stablecoin protocol called $AUSD designed to generate yields built on BNB Chain and backed by Binance Labs.

$AUSD is collateralized by $USDT. Users can deposit $USDT to mint $AUSD or deposit other assets like $WBTC and borrow $USDT.

Ambit Finance prioritizes protocol safety and security, employing an isolated collateral mechanism and completing two comprehensive audits.

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Agora aims to revolutionize stablecoins with AUSD, a "Stablecoin 3.0." Agora CEO criticizes "yield-bearing stablecoins" for deviating from core stablecoin functions. He argues these coins have lower adoption, liquidity issues, and are viewed as securities, hindering their use as money. AUSD, in contrast, focuses on business partnerships and utility, aiming to be the "best stablecoin for your business." Launching on Ethereum in June, AUSD seeks to be a core crypto market player.

#Agora #EarnFreeCrypto2024 #Megadrop #Write2Earn! #AUSD