Agora has reached a new milestone by completing the first OTC transaction of its flagship asset, AUSD, in collaboration with Galaxy Digital.
First Step Towards AUSD Application
Agora announced that the transaction is a significant step in transitioning AUSD from concept to real-world application, highlighting its market potential.
Market Reactions
Jason Urban from Galaxy noted that the milestone aligns with the company's mission to promote digital asset innovation. He added that AUSD offers a 'compliant and transparent stablecoin' to users.
AUSD Growth and Integrations
AUSD's popularity is growing, supported by integrations on Avalanche, Sui, and Injective. The token was initially minted on the Ethereum blockchain. Agora is backed by firms like Dragonfly and managed by major custodian State Street.
AUSD is strengthening its position in the digital asset market by offering a liquid and reliable medium of exchange. The company is committed to regulatory compliance and continues to expand its platforms and partnerships.
