Agora

Stablecoin

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    <h4 class="relative p-1 rounded-sm flex items-center justify-center bg-token-main-surface-primary text-token-text-primary h-8 w-8"><strong>This marks the introduction of Sui’s second native stablecoin, following FDUSD.</strong></h4> 
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      <p>AUSD is expected to significantly enhance Sui’s liquidity and market efficiency, providing a more robust financial infrastructure.</p> 
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            <h5><strong>Boosting Sui’s Liquidity and Market Efficiency</strong></h5> 
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<p>AUSD is Agora’s inaugural product, reflecting the company’s commitment to building a global financial infrastructure. The stablecoin is designed to maintain a value equivalent to the US dollar, offering stability and reliability to its users. Set to release in June, AUSD’s launch on Sui diversifies its presence beyond Ethereum-based blockchains.</p> 
<p><a href="https://www.altcoinbuzz.io/?s=sui" target="_blank" rel="noopener">Sui</a> is the first non-EVM blockchain to host AUSD, marking a significant expansion of Agora’s reach. Previously, Agora had announced plans to make AUSD available on Ethereum, Arbitrum, and Optimism. By launching on Sui, Agora taps into the unique capabilities of the blockchain.</p> 
<p><img decoding="async" class="wp-image-141709 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/05/vfvdbgfdgfnj-300x226.jpg" alt="" width="576" height="434" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/05/vfvdbgfdgfnj-300x226.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/05/vfvdbgfdgfnj-80x60.jpg 80w, https://www.altcoinbuzz.io/wp-content/uploads/2024/05/vfvdbgfdgfnj.jpg 403w" sizes="(max-width: 576px) 100vw, 576px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/SuiNetwork/status/1795802475708219639" target="_blank" rel="noopener">X</a></strong></h6> 
<p>The <a href="https://blog.sui.io/agora-ausd-stablecoin/?utm_source=twitter&amp;utm_medium=organic&amp;utm_campaign=defi" target="_blank" rel="noopener">introduction</a> of AUSD to the Sui network brings several advantages. Primarily, it increases the liquidity available within the Sui ecosystem, facilitating smoother and more efficient transactions. Stablecoins like AUSD play a critical role in decentralized finance (DeFi) by providing a stable medium of exchange that can be used for trading, lending, and other financial activities without the volatility associated with traditional cryptocurrencies.</p> 
<h5><strong>More About Sui</strong></h5> 
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     Sui’s collaboration with <a href="https://x.com/artfiglobal" target="_blank" rel="noopener">ArtFi</a> signals a groundbreaking initiative to revolutionize the fine art industry through blockchain technology, paving the way for the tokenization of real-world assets. This partnership aims to introduce Artinals-RWArt digital objects, offering a novel method for establishing fractional ownership of physical artwork.
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   <h6 style="text-align: center;"><strong>Source: <a href="https://x.com/SuiNetwork/status/1795487960605028703" target="_blank" rel="noopener">X</a></strong></h6> 
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     By leveraging blockchain technology, Sui and ArtFi Global are poised to democratize access to fine art investments, unlocking new opportunities for collectors and investors to participate in the art market.
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/agora-dollar-launches-ausd-stablecoin-on-sui/">Agora Dollar Launches AUSD Stablecoin on Sui</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Agora Dollar Launches AUSD Stablecoin on Sui

Altcoin Buzz

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