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Agora and Galaxy Digital Are Ushering In A New Stablecoin

January 9, 2025
x min read
Galaxy Digital Agora AUSD
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There’s a new stablecoin in crypto. And Galaxy Digital is betting on it.

What’s happening:

  • Galaxy Digital (TSX: GLXY) has successfully completed the first ever over-the-counter transaction of Agora’s stablecoin known as AUSD

Why it matters:

  • The first successful transaction of AUSD marks a transition from being a concept to a functional stablecoin
  • Agora’s stablecoin is now live on multiple different blockchains including Ethereum, Avalanche and Sui

Going deeper:

  • Galaxy Digital was an early investor in Agora and is focused on helping accelerate their technology into wider adoption with institutions globally
  • Global asset management giant VanEck is managing the reserves of Agora’s AUSD stablecoin

The intrigue:

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