Just a few days ago, @Injective a nounced the launch of its first native stable coin launched on its chain

The $AUSD by @withausd is a new type of stable built to work seamlessly across both TradFi and DeFi.

Backed by real assets like cash, U.S. Treasury bills, and other secure investments. This makes it a reliable dollar-for-dollar substitute in digital transactions.

What’s special about $AUSD is that it’s managed by VanEck (a big player in asset management) and stored safely with State Street, a firm that manages trillions in assets.

So, it’s institutional-grade, means that it’s built to meet the standards of big financial firms, which can help it gain trust and adoption.

Since launching, $AUSD has reached $65 million in circulation, with millions in daily trading volume across popular networks like $ETH , $AVAX , and $SUI .

Being part of @Injective ’s ecosystem, which has already processed over $40 billion, $AUSD benefits from Injective’s fast, low-cost, and secure network.

For more information 👇🏽blog.injective.com/en/agora-to-launch-native-us-dollar-stablecoin-on-injective/