Agora, co-founded by Nick Van Eck, is launching its US dollar stablecoin, AUSD, on Injective’s blockchain, aiming to bridge liquidity between traditional and decentralized finance. Backed by VanEck’s asset management and custodied by State Street, AUSD is collateralized with a basket of cash, U.S. treasury bills, and overnight repurchase agreements, ensuring a 1:1 ratio with the US dollar. This integration is expected to boost AUSD’s availability within the Injective ecosystem, facilitating transactions across DEXs, on-ramps, and lending platforms.