Agora announces that starting April 3rd, Injective's stablecoin AUSD will cease issuance, and it can be redeemed on a 1:1 basis before September 28th.

ME News update: On April 3 (UTC+8), according to official information, Agora announced that, starting April 3, 2026, it will gradually stop the issuance and support of AUSD on the Injective network. Under the latest adjustments, effective immediately, Injective will no longer mint new AUSD, and holders of AUSD on that network will no longer receive any rewards. However, users can still redeem AUSD at a 1:1 value; the redemption window will remain open until September 28, 2026. This adjustment applies only to the Injective network and does not affect AUSD operations on other chains. Regarding the redemption process, Agora stated that its customers can complete the operation by coordinating with their account contact. Users only need to send AUSD on Injective to the official channel, and the platform will assist in converting it into AUSD on the user-specified chain, or exchanging it for USD and other supported stablecoins. The official statement emphasized that September 28, 2026 is the standard redemption deadline; after that, remaining assets can still be processed, but additional KYC verification steps and related fees may be required. Agora said this decision stems from its routine evaluation mechanism for multi-chain deployments, with key considerations including actual usage, the health of the ecosystem, and infrastructure costs. After a comprehensive assessment, Agora decided to strategically scale back the AUSD business on the Injective network to optimize resource allocation and improve overall operational efficiency. (Source: ODAILY)