Agora Dollar AUSD

Solana · Fiat-backed Stablecoin · Solana Ecosystem · Stablecoins · USD Stablecoin

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AUSD is a USD-pegged stablecoin issued by Agora Finance. It is used for cross-border payments, trading, and lending across multiple blockchains. The reserves are custodied by State Street and managed by VanEck, with backing composed of cash, overnight repurchase and reverse repurchase agreements, and short-term U.S. Treasury securities.