- Introduction of AUSD on Sui Blockchain
- Experts' Opinion on AUSD Launch on Sui
- Impact of AUSD Integration on Sui Ecosystem
After successful launches on other major networks, the AUSD stablecoin has been deployed on the Sui platform, bolstering the stablecoin ecosystem and drawing attention to Sui’s high-performance network.
Introduction of AUSD on Sui Blockchain
Agora, led by finance and technology veterans Nick van Eck, Drake Evans, and Joe McGrady, has launched the industry-disrupting AUSD stablecoin on Sui, a blockchain offering leading performance and infinite horizontal scaling. AUSD is the first institutional-grade US dollar stablecoin launched in the Sui DeFi ecosystem.
Experts' Opinion on AUSD Launch on Sui
“By integrating first-class assets like AUSD natively on the network, Sui is empowering developers and offering essential access to DeFi for a new class of institutional users,” said Gap Kim, Global Head of Marketing for Sui Foundation. “As the Sui ecosystem continues to grow, opportunities for innovation and financial accessibility on Sui will also expand exponentially, benefiting the entire Sui community.”
Impact of AUSD Integration on Sui Ecosystem
Building on its prior successes on Ethereum and Avalanche, AUSD’s integration into Sui immediately enhances its utility, accessibility, and interoperability. Within the first six weeks of contract deployment on Ethereum and Avalanche, nearly $60M AUSD has been minted with $5M+ of daily DEX volume. The integration has already begun improving liquidity and market efficiency within Sui’s rapidly expanding DeFi ecosystem, which currently boasts over $600 million in Total Value Locked (TVL) and consistently ranks among the top chains in weekly DEX trading volume.
AUSD joins a growing number of stablecoins on Sui, driving the development of robust DeFi applications and expanding the adoption of blockchain technology. Agora's integration with Sui also continues to expand the reach of AUSD and furthers the growth of the global AUSD network and liquidity.
