Golden Finance reported that according to the official announcement, asset management company Galaxy and Stable Coin issuer Agora have completed the first Over-the-counter Trading involving Agora Stable Coin AUSD. Agora's CEO Nick van Eck stated in a declaration, “This transaction marks the transition of AUSD from conceptual validation to practical application.” Agora stated that AUSD is a “creator-centric” Stable Coin designed to attract traders and developers through “gas-optimized” Smart Contracts. The company also stated that the Stable Coin is fully backed, with Collateral held by one of the world’s largest asset management companies, and subject to regular reserve audits.
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Golden Finance reported that according to the official announcement, asset management company Galaxy and Stable Coin issuer Agora have completed the first Over-the-counter Trading involving Agora Stable Coin AUSD. Agora's CEO Nick van Eck stated in a declaration, “This transaction marks the transition of AUSD from conceptual validation to practical application.” Agora stated that AUSD is a “creator-centric” Stable Coin designed to attract traders and developers through “gas-optimized” Smart Contracts. The company also stated that the Stable Coin is fully backed, with Collateral held by one of the world’s largest asset management companies, and subject to regular reserve audits.