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Galaxy and Agora completed the first Over-the-counter Trading involving Stable Coin AUSD
According to official announcement by Jinse Finance, asset management company Galaxy and stablecoin issuer Agora have completed the first Over-the-counter Trading involving Agora Stable Coin AUSD. Nick van Eck, CEO of Agora, stated in a statement that, “This transaction marks the transition of AUSD from conceptual validation to actual application.” Agora stated that AUSD is a ‘builder-centric’ Stable Coin designed to attract traders and developers through ‘gas-optimized’ smart contracts. The company also stated that the Stable Coin is fully supported, with collateral held by one of the world’s largest asset management companies and subject to regular reserve audits.