Injective Launches AUSD Stablecoin, Backed by VanEck and State Street

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7 months ago bitnews

Injective Launches AUSD Stablecoin, Backed by VanEck and State Street Injective, a leading decentralized finance (DeFi) platform, has officially launched AUSD, its first native stablecoin. Developed by Agora and fully collateralized in U.S. dollars, AUSD is managed by VanEck and custodied by State Street. This strategic initiative aims to bridge the liquidity gap between decentralized