{"id":40533,"date":"2024-10-31T16:57:47","date_gmt":"2024-10-31T16:57:47","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/injective-launches-agoras-ausd-as-its-first-native-stablecoin\/"},"modified":"2024-10-31T16:57:47","modified_gmt":"2024-10-31T16:57:47","slug":"injective-launches-agoras-ausd-as-its-first-native-stablecoin","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/injective-launches-agoras-ausd-as-its-first-native-stablecoin\/","title":{"rendered":"Injective launches Agora&#8217;s AUSD as its first native stablecoin"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/11\/injective-inj-logo-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/11\/injective-inj-logo-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/11\/injective-inj-logo-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/11\/injective-inj-logo-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Injective has announced the launch of Agora\u2019s AUSD stablecoin on the mainnet.<\/li>\n<li>AUSD reserves are backed by VanEck and custodied by State Street.<\/li>\n<li>AUSD Injective\u2019s first native stablecoin and will be key to the blockchain network\u2019s DeFi ecosystem.<\/li>\n<\/ul>\n<p>Injective has launched AUSD, a fully collateralized US dollar backed stablecoin Agora, as its first native stablecoin.<\/p>\n<p>The integration will enhance interoperability across Injective\u2019s decentralised finance ecosystem, according to a <a href=\"https:\/\/www.prnewswire.com\/news-releases\/injective-launches-agoras-ausd-as-its-first-native-stablecoin-302293133.html\" target=\"_blank\" rel=\"noopener\">press release<\/a> on Oct. 31.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">1\/ Introducing the first native stablecoin on Injective: <a href=\"https:\/\/twitter.com\/search?q=%24AUSD&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$AUSD<\/a><\/p>\n<p>Backed by VanEck and custodied by State Street, <a href=\"https:\/\/twitter.com\/withAUSD?ref_src=twsrc%5Etfw\">@withAUSD<\/a> bolsters liquidity between DeFi and TradFi markets while also providing a seamless on-ramp for Injective dApps globally. <a href=\"https:\/\/t.co\/cV480alIA7\">pic.twitter.com\/cV480alIA7<\/a><\/p>\n<p>\u2014 Injective \ud83e\udd77 (@injective) <a href=\"https:\/\/twitter.com\/injective\/status\/1851992581166551276?ref_src=twsrc%5Etfw\">October 31, 2024<\/a><\/p>\n<\/blockquote>\n<p>Among benefits of native support will be seamless on and off ramping for Injective users, with AUSD removing the need for bridges. This means more people will easily be able to tap into the stablecoin for DeFi capabilities on Injective, including lending and staking.<\/p>\n<p>VanEck manages the AUSD stablecoin\u2019s reserves, while State Street is the custodian.<\/p>\n<p>\u201cThe launch of AUSD on Injective underscores the dominance of USD-backed stablecoins\u2014with 99.7% market share\u2014as an institutional-grade asset for capital formation and movement,\u201d Nick van Eck, chief executive officer and co-founder of Agora, said in a statement.<\/p>\n<p>AUSD adds to Injective\u2019s <a href=\"https:\/\/coinjournal.net\/learn\/how-do-stablecoins-work\/\">stablecoin ecosystem<\/a>, which has processed over $40 billion in USD-denominated stablecoin volume. Currently, the stablecoin market stands at over $170 billion, with Tether (USDT) and Circle\u2019s USDC (USDC) dominating.<\/p>\n<p>USDT leads with about $120 billion of the market cap, while USDC is second with more than $35 billion. Agora\u2019s AUSD market cap stands around $70 million, with other rivals including PayPal USD and Ripple\u2019s RLUSD.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/injective-launches-agoras-ausd-as-its-first-native-stablecoin\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Injective has announced the launch of Agora\u2019s AUSD stablecoin on the mainnet. AUSD reserves are backed by VanEck and custodied by State Street. AUSD Injective\u2019s first native stablecoin and will be key to the blockchain network\u2019s DeFi ecosystem. Injective has launched [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":40534,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/40533"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=40533"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/40533\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/40534"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=40533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=40533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=40533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}