AUSD issuance on Injective shuts down as Agora ends minting and rewards, with redemption window open until late September 2026

Agora has ended new AUSD issuance on the Injective network and stopped the associated rewards program, while keeping a redemption path open for existing holders until a late-September 2026 deadline. The move is limited to Injective; AUSD operations on other chains continue, and the stated reason was a review of chain-specific usage, ecosystem conditions, and infrastructure costs. AUSD was introduced on Injective in 2024 as the network’s first native stablecoin, backed by reserves managed by VanEck and custodied by State Street, and designed to provide a dollar-pegged asset for trading and DeFi activity without bridging friction. The shutdown matters because AUSD had become a meaningful source of liquidity on Injective, so halting minting can reduce stablecoin supply on the chain and force protocols and traders to adjust their collateral, routing, and liquidity strategies.

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