A Golden Finance reported, according to an official announcement, the asset management company Galaxy and the issuer of Moeda Estável, Agora, completed the first OTC market trading involving Agora Moeda Estável AUSD. Agora CEO Nick van Eck said in a statement: "This transaction marks the transition of AUSD from conceptual validation to practical application." Agora stated that AUSD is a "builder-centric" Moeda Estável designed to attract traders and developers through "gas-optimized" smart contracts. The company also stated that the Moeda Estável is fully backed by Guarantees from one of the world's largest asset management companies and undergoes regular reserve audits.
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A Golden Finance reported, according to an official announcement, the asset management company Galaxy and the issuer of Moeda Estável, Agora, completed the first OTC market trading involving Agora Moeda Estável AUSD. Agora CEO Nick van Eck said in a statement: "This transaction marks the transition of AUSD from conceptual validation to practical application." Agora stated that AUSD is a "builder-centric" Moeda Estável designed to attract traders and developers through "gas-optimized" smart contracts. The company also stated that the Moeda Estável is fully backed by Guarantees from one of the world's largest asset management companies and undergoes regular reserve audits.