After successful launches on other major networks, AUSD is now available on Sui, enhancing the stablecoin ecosystem and providing access to DeFi for institutional users.
AUSD Launch on Sui
Agora, led by financial and technology industry veterans Nick van Eck, Drake Evans, and Joe McGrady, has launched its AUSD stablecoin on the Sui blockchain. AUSD is the first institutional-grade stablecoin in the Sui DeFi ecosystem.
AUSD Integration and Growth
AUSD is already increasing its utility and accessibility by integrating into the Sui ecosystem with its horizontally scalable infrastructure. Within the first six weeks, contracts on Ethereum and Avalanche have enabled the issuance of $60M AUSD and a daily DEX volume of $5M+. This integration has already improved liquidity and market efficiency in Sui's growing DeFi ecosystem.
Future of AUSD on Sui
AUSD joins a broad range of stablecoins on Sui, supporting the development of new DeFi applications and the expansion of blockchain technology. The collaboration with Sui promotes the expansion of the AUSD network, increasing global liquidity and creating an inclusive financial future.
The launch of AUSD on Sui opens new prospects for the development of decentralized finance and financial accessibility. By continuing to expand its capabilities, AUSD plays a crucial role in strengthening the Sui blockchain ecosystem.
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