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Agora and Galaxy Complete AUSD Stablecoin’s First Live Transaction: A Significant Step Forward

Agora, the AUSD issuer, has completed its first over-the-counter (OTC) transaction with Galaxy, a key milestone for the stablecoin. One of the world’s leading asset managers completely supports AUSD, positioning it to acquire market share in the rising digital asset industry while prioritizing compliance and transparency.

Agora, a stablecoin issuer, has hit a significant milestone by completing its first over-the-counter (OTC) transaction with AUSD, their stablecoin. This transaction, which occurred on January 8, 2025, entailed work with Galaxy, a well-known digital asset corporation, and marked the transition of AUSD from a proof-of-concept to a real-world application.

Big companies like Tether’s USDT and Circle’s USD Coin (USDC) currently dominate the competitive stablecoin industry, where AUSD aims to stand out. Agora has built its stablecoin with a builder-focused infrastructure, offering a unique value proposition for developers and traders through its “gas-optimized” smart contracts.

One of the world’s leading asset managers handles the collateral for the AUSD. One of the oldest and largest financial organizations holds its reserves, which undergo regular audits to ensure their integrity. This emphasis on security and transparency is especially critical as US regulations for digital assets grow.

Agora’s CEO, Nick van Eck, expressed enthusiasm over the milestone, noting that the OTC transaction demonstrates AUSD’s potential in the expanding digital economy and its goal of becoming a key participant in the institutional stablecoin market. As the digital asset ecosystem becomes increasingly regulated, Agora intends to place the AUSD at the forefront of this growing industry.

With the continuous expansion of decentralized finance (DeFi) and the increasing demand for stablecoins, Agora’s AUSD might play a critical role in the future of digital currency by delivering secure, scalable, and compliant financial market solutions.

author avatar
Satpal S
Satpal is an Editor and Author at 4C Media Co, specializing in all stories and news related to crypto and finance.
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