Dragonfly-incubated stablecoin AUSD goes live on Sui
05.09.2024
The Sui blockchain is broadening its stablecoin offerings by adding Agora’s AUSD, following its earlier launches on Ethereum and Avalanche.
Agora, a stablecoin company backed by Dragonfly, has launched its Agora Dollar (AUSD) stablecoin on Sui, the layer-1 blockchain network following the prior rollout on Ethereum and Avalanche.
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.