On June 1st, according to the news, stablecoin issuance company Agora recently announced the launch of its stablecoin AUSD on the Sui chain, making it the second stablecoin to be launched on the Sui chain after FDUSD. The launch of AUSD is scheduled for June, and it will be backed by US dollar deposits, US treasuries, and repurchase agreements, with its reserve fund supported by VanEck. In addition, Agora plans to incorporate enterprises supporting AUSD into its business model and share stablecoin trading income with them.


According to reports, Agora previously announced the transfer of AUSD to Ethereum, Arbitrum, and Optimism, while Sui is the first blockchain unrelated to EVM issued by AUSD.
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