How Stablecoins Like AUSD Are Shaping the Future of Onchain Finance

In the evolving landscape of digital finance, stablecoins have emerged as pivotal instruments bridging traditional financial systems with decentralized technologies. Among these, AUSD by Agora stands out, offering a fully collateralized, USD-backed digital dollar designed for global accessibility and stability.

The Role of Stablecoins in Modern Finance

Stablecoins provide the stability of fiat currencies while leveraging the efficiency of blockchain technology. They facilitate seamless transactions, reduce volatility, and enable broader participation in decentralized finance (DeFi) ecosystems. As digital assets gain traction, the demand for reliable stablecoins continues to grow, underscoring their significance in the future of finance. 

Please note: not all stablecoins are equally stable. We encourage users to do their own research before engaging. Read more about stablecoin risks here.

Introducing AUSD: A New Standard in Digital Currency

AUSD is a fully collateralized stablecoin issued by Agora Finance, pegged 1:1 to the US dollar. It is backed by a combination of cash, US Treasury bonds, and overnight repurchase agreements, ensuring transparency and trust. With a market capitalization of approximately $100 million and a 24-hour trading volume in the tens of millions, AUSD demonstrates significant liquidity and adoption. 

Agora's mission is to reduce barriers to accessing, transferring, and utilizing the world's most widely recognized currency. By providing a stable and accessible digital dollar, Agora aims to advance financial inclusion and efficiency on a global scale.

“We built AUSD to be a foundational layer for onchain finance – transparent, reliable, and truly global. Partnering with Ramp Network accelerates access to this stablecoin for users across multiple chains and geographies.” – Nick van Eck, CEO of Agora

Ramp Network and Agora: Expanding Access to AUSD

Ramp Network is proud to announce the integration of AUSD into our platform, enabling users to buy and sell AUSD seamlessly. This collaboration aligns with our commitment to providing users with reliable and efficient access to digital assets.

Users can now access AUSD not only via our widget, but also directly within top-tier wallets like Trust Wallet, making stablecoin access more convenient and familiar than ever.

“At Ramp Network, we’re focused on removing the friction from crypto adoption. Our integration with AUSD brings users a stable, accessible digital dollar at the best possible rate, and unlocks powerful opportunities for our partners too.” – Przemek Kowalczyk, CEO of Ramp Network

Key features of this integration include:

• Zero Ramp Network fees: Users can buy and sell AUSD at a true 1:1 USD rate without any additional fees (limited-time offer, duration subject to change, offer is not available in the UK).
• Multi-chain support: AUSD is available on Ethereum, Avalanche, and Solana networks, offering flexibility and broad accessibility.
• Global availability: AUSD is accessible to users worldwide, with the exception of the European Union.

This partnership enhances the utility of AUSD and supports the broader adoption of stablecoins in everyday transactions.

Looking Ahead

The integration of AUSD into Ramp Network represents a significant step toward a more inclusive and efficient financial ecosystem. As stablecoins like AUSD continue to gain prominence, they will play a crucial role in shaping the future of onchain finance.

Get Involved

If you're interested in integrating your chain or token with Ramp Network, or if you want to learn more about our services, please contact our partnership team. We encourage more partners to enable AUSD within their applications and participate in the ongoing zero-fee campaign.

Interested in integrating your chain and listing your token with Ramp Network? Or looking for a reliable global on- and off-ramp solution? Click the button below to contact our Partnerships team.

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