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AUSD (Agora) Token Listed on XT Exchange
We’re thrilled to announce the addition of AUSD (Agora) to XT, with AUSD/USDT trading now available in the Main Zone. This significant development marks a major milestone for the AUSD project, as it expands its reach and accessibility to a broader audience.
The AUSD token represents a groundbreaking innovation in digital payments, seamlessly combining blockchain technology with traditional financial security. As a fully-reserved stablecoin, it maintains a consistent 1:1 value with the US dollar, providing a reliable bridge between digital and traditional finance.
One of the most impressive aspects of the AUSD ecosystem is its robust infrastructure. The reserve assets backing AUSD are protected in a bankruptcy-remote trust managed by VanEck. These assets are held within the Agora Reserve Fund, which is administered by State Street. This ensures that the fund maintains a conservative portfolio comprising cash, US treasuries, and overnight repo agreements.
To guarantee transparency and compliance, regular PwC audits are conducted on the fund’s activities. This level of accountability provides an unprecedented degree of security and trust for users, setting AUSD apart from other projects in the space.
The team at XT is committed to providing a seamless trading experience for all participants, with no custody risk involved due to Agora’s non-custodial approach. By not holding customer or digital assets directly, this innovative model offers enhanced security and reduced risk exposure for users.
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Source: zycrypto.com
