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.

AI-generated background, compiled from web sources — not editorial content.

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Stablecoin issuer Agora hires former Robinhood Crypto COO Tanya Denisova as Head of Operations to help scale its rapidly expanding AUSD business

Stablecoin issuer Agora hires former Robinhood Crypto COO Tanya Denisova as Head of Operations to help scale its rapidly expanding AUSD business

Coindesk ·

Coinbase, Sony and Samsung back $14.6M funding round for stablecoin startup Bastion. The firm white-label stablecoin systems, enabling companies to issue digital dollars without coding or their own regulatory licenses. It competes with Paxos and Agora, offering a product suite that includes wallets and off-ramps for cash conversion.

Coinbase, Sony and Samsung back $14.6M funding round for stablecoin startup Bastion. The firm white-label stablecoin systems, enabling companies to issue digital dollars without coding or their own regulatory licenses. It competes with Paxos and Agora, offering a product suite that includes wallets and off-ramps for cash conversion.

archive.ph ·

ThereWillBeMoon's updated list of all HyperliquidX's $USDH proposals. Participants: (1) Native Markets; fiege_max, (2) Paxos, (3) Frax Finance, (4) Agora; withAUSD (5) Sky; SkyEcosystem. Removed some sections due to space, added 'existing liquidity test' as a litmus test for projects submitting proposals, ensuring they can at least maintain sufficient liquidity for their own stablecoins; swapping to USDC. May the best wins!

ThereWillBeMoon's updated list of all HyperliquidX's $USDH proposals. Participants: (1) Native Markets; fiege_max, (2) Paxos, (3) Frax Finance, (4) Agora; withAUSD (5) Sky; SkyEcosystem. Removed some sections due to space, added 'existing liquidity test' as a litmus test for projects submitting proposals, ensuring they can at least maintain sufficient liquidity for their own stablecoins; swapping to USDC. May the best wins!

𝕏/@ThereWillBeMoon ·

Hyperliquid faces community pushback against Stripe-linked USDH proposal. Some community members warned that handing control of the exchange’s monetary layer to Stripe, which is building its own blockchain called Tempo and already controls wallet infrastructure through its Privy acquisition, would amount to ceding economic sovereignty to a competitor. The contest over who issues USDH has attracted heavyweight bidders, including Paxos, Frax as well as a coalition involving Agora and MoonPay.

Hyperliquid faces community pushback against Stripe-linked USDH proposal. Some community members warned that handing control of the exchange’s monetary layer to Stripe, which is building its own blockchain called Tempo and already controls wallet infrastructure through its Privy acquisition, would amount to ceding economic sovereignty to a competitor. The contest over who issues USDH has attracted heavyweight bidders, including Paxos, Frax as well as a coalition involving Agora and MoonPay.

archive.ph ·

History made with AUSD! in first ever IPO

History made with AUSD! in first ever IPO

𝕏/@withAUSD ·

Agora announces a $50 million Series A round raised, led by Paradigm and with participation from Dragonfly, with the mission of accelerating the development of Agora’s fullstack platform for stablecoin infrastructure

Agora announces a $50 million Series A round raised, led by Paradigm and with participation from Dragonfly, with the mission of accelerating the development of Agora’s fullstack platform for stablecoin infrastructure

𝕏/@withAUSD ·

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