AUSD – DIGIT INFO

Agora, Galaxy complete AUSD stablecoin’s first live transaction

DIGIT — Wed, 08 Jan 2025 16:55:31 +0000

Agora’s AUSD is the latest entrant into the burgeoning stablecoin market.

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Polygon’s AggLayer adopts Agora’s AUSD as native currency

DIGIT — Mon, 11 Nov 2024 14:00:00 +0000

AUSD now powers AggLayer on Polygon, optimizing crosschain liquidity and eliminating token bridges.

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Dragonfly-Backed Stablecoin, Agora, to Launch Natively on Sui

DIGIT — Fri, 31 May 2024 19:36:44 +0000

Agora, a stablecoin company that recently raised $12 million in its Series A funding round led by Dragonfly, has announced that it will launch its AUSD token natively on Sui. The company aims to produce a better stablecoin focusing on emerging markets, and sharing the revenue obtained with partners integrating AUSD in their services platforms. […]

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‘Yield-bearing stables’ are not money or stablecoins: Agora’s van Eck

DIGIT — Tue, 28 May 2024 01:30:59 +0000

Yield-bearing stablecoins are far more likely to be classed as security products in many countries and would restrict customer reach, argues the son of Jan van Eck.

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Acala community votes to burn 2.97 billion of erroneously minted aUSD stablecoin

DIGIT — Mon, 22 Aug 2022 16:30:00 +0000

3.022 billion aUSD were previously minted via a liquidity bridge glitch.

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Tether Hires BDO Italia for Monthly Assurance Reports, USDT’s Quarterly Attestation Shows a 58% Decrease in Commercial Paper

DIGIT — Sat, 20 Aug 2022 18:30:58 +0000

This week, the stablecoin issuer Tether Holdings Limited revealed an update to its assurance and attestation process and detailed that the company has been working with accounting firm BDO Italia. The accounting firm will conduct monthly tether assurance reports based on the stablecoin issuer’s reserves. The following day, Tether published its quarterly assurance opinion completed […]

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Another Stablecoin Fluctuates Wildly as HUSD Slips Below USD Peg to $0.82 per Token

DIGIT — Thu, 18 Aug 2022 18:30:52 +0000

The stablecoin HUSD, originally associated with the crypto exchange Huobi Global, lost its peg with the U.S. dollar on Wednesday, August 17, and it dropped even lower in value the following day on Thursday, August 18. On Thursday, Huobi addressed the public on Twitter and the exchange said “we are aware of the current liquidity […]

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Another depeg — Acala trace report reveals 3B aUSD erroneously minted

DIGIT — Wed, 17 Aug 2022 09:18:23 +0000

As the dust settles on another decentralized finance exploit, Acala continues to trace tokens that were erroneously minted after a misconfiguration in a newly launched liquidity pool.

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Network and token freeze after Acala exploit raises questions

DIGIT — Mon, 15 Aug 2022 02:36:40 +0000

The Acala hack saw over a billion aUSD stablecoins minted from thin air, but now community members are scratching their heads wondering how a decentralized protocol would handle the clean up.

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Another Stablecoin Depegs From USD Parity, Polkadot-Based AUSD Loses 98% in Value

DIGIT — Sun, 14 Aug 2022 20:30:13 +0000

2022 has been the year of broken stablecoins as a myriad of dollar-pegged crypto assets depegged from their dollar value this year. On August 14, the Polkadot-based stablecoin alpaca usd (AUSD) dropped below a U.S. penny in value, only to bounce back to the $0.95 region hours later. Reports say that the Acala protocol was […]

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