The Sui blockchain is expanding its selection of stablecoins by incorporating Agora’s AUSD, having previously launched on Ethereum and Avalanche
It seems like you’re asking about ways when it comes to the outlook on one’s way. I have met a long time list of things that pass to come in at any price
In this vast, uncontested world, there is a methodology for all who code here, for it is a question: The launch is part of Sui’s strategy to bolster its decentralized finance ecosystem and attract institutional users. To date, nearly $60 million in AUSD has been minted, with the majority of liquidity concentrated on the Ethereum network
By directly incorporating top-tier assets such as AUSD within its system, Sui is equipping developers with powerful tools and providing them with key entry points to Decentralized Finance (DeFi), thus catering to an emerging group of institutional users
Gap Kim, Global Head of Marketing for Sui Foundation.
By the 5th of September, more than two-thirds (approximately 62%) of AUSD’s liquidity resides on Ethereum, while around 37% can be found on Avalanche, as per information gathered by DefiLlama
Agora bets on compliance with VanEck
In April, Agora received a $12 million investment headed by Dragonfly for the launch of their stablecoin platform, with a strong emphasis on adherence to regulatory guidelines. This round of funding attracted investments from notable backers such as Wintermute Ventures, Galaxy, and Consensys, in addition to Dragonfly. The management of Agora’s reserve fund is handled by VanEck, a leading global issuer of exchange-traded funds, reaffirming their dedication to regulatory compliance
Agora’s decision to adopt Sui aligns with the blockchain’s current focus on expanding its services. This move comes after Grayscale Investments introduced two cryptocurrency investment trusts, one of which provides exposure to Sui, which Rayhaneh Sharif-Askary, head of product & research at Grayscale, describes as “revolutionizing the smart contract blockchain.”
As a crypto investor, I’m excited about Agora’s future plans to broaden its influence by introducing AUSD on additional blockchain networks like Arbitrum and Optimism. This move will not only strengthen Agora’s position within the decentralized finance sector but also open up new opportunities for growth and interaction within these dynamic ecosystems
Read More
Sorry. No data so far.
2024-09-05 18:23