Summary Review: Agora’s stablecoin, AUSD, is now the official currency of Polygon’s AggLayer, enhancing cross-chain liquidity and removing the need for token bridges. This integration aims to make decentralized finance more user-friendly and efficient.
Agora has introduced its AUSD stablecoin as the native currency for AggLayer on the Polygon network, simplifying cross-chain transactions with a stable, fiat-backed asset. This partnership intends to enhance liquidity and eliminate the need for token bridges, making multichain transactions smoother and more secure for developers and users on AggLayer.
Founded by Nick van Eck, Drake Evans, and Joe McGrady, Agora’s AUSD stablecoin is backed by trusted custodians like State Street and VanEck, providing an institutional-grade stable currency to support various transactions on Polygon’s cross-chain settlement layer.
This development is a significant step toward making Web3 more efficient and accessible, promoting seamless connectivity across blockchains as AggLayer seeks to accelerate mainstream adoption.
Summary Review: Agora’s stablecoin, AUSD, is now the official currency of Polygon’s AggLayer, enhancing cross-chain liquidity and removing the need for token bridges. This integration aims to make decentralized finance more user-friendly and efficient.
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