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

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

Agora, a stablecoin company, has introduced its AUSD stablecoin as the native currency for Polygon’s AggLayer, a crosschain settlement network, to enable multichain transactions via a stable, fiat-backed asset.

The partnership aims to eliminate the need for token bridges, simplifying and unifying liquidity for developers and end-users in the AggLayer community onchain.

Agora is a stablecoin startup co-founded by Nick van Eck, Drake Evans and Joe McGrady. Custodians, including State Street and VanEck, back its institutional-grade stablecoin AUSD.

Read more

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe To The Latest Crypto News

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

World Wide Crypto will use the information you provide on this form to be in touch with you and to provide updates and marketing.