AUSD (Agora) Token Listed on XT Exchange
Were excited to announce the addition of AUSD (Agora) to XT, with AUSD/USDT trading now available in the Main Zone.
Agoras Digital Dollar: Building the Future of Payments
AUSD represents a major step forward in digital payments, combining blockchain innovation with traditional financial security. This fully-reserved stablecoin maintains a consistent 1:1 value with the US dollar, providing a dependable bridge between digital and traditional finance.
Strong Foundation:
- The reserve assets backing AUSD are protected in a bankruptcy-remote trust
- VanEck manages these assets through the specialized Agora Reserve Fund
- State Street serves as both cash custodian and administrator
- The fund maintains a conservative portfolio of cash, US treasuries, and overnight repo agreements
- Regular PwC audits ensure full transparency and compliance
A key differentiator is Agoras non-custodial approach by not holding customer or digital assets directly, the platform offers enhanced security and reduced risk exposure for users.
Would you like me to expand on any aspect of this announcement?
Read more: https://zycrypto.com/ausd-agora-token-listed-on-xt-exchange/
Text source: ZyCrypto
