Gold Finance reported that, according to an official announcement, the asset management company Galaxy and the Stable Coin issuer Agora completed the first over-the-counter Trading de gré à gré involving Agora Stable Coin AUSD. Agora CEO Nick van Eck said in a statement: 'This transaction marks the transition of AUSD from conceptual validation to practical application.' Agora stated that AUSD is a 'builder-centric' Stable Coin designed to attract traders and developers through 'gas-optimized' Smart Contracts. The company also stated that the Stable Coin is fully supported, with Collateral held by one of the world's largest asset management companies and subject to regular reserve audits.
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Gold Finance reported that, according to an official announcement, the asset management company Galaxy and the Stable Coin issuer Agora completed the first over-the-counter Trading de gré à gré involving Agora Stable Coin AUSD. Agora CEO Nick van Eck said in a statement: 'This transaction marks the transition of AUSD from conceptual validation to practical application.' Agora stated that AUSD is a 'builder-centric' Stable Coin designed to attract traders and developers through 'gas-optimized' Smart Contracts. The company also stated that the Stable Coin is fully supported, with Collateral held by one of the world's largest asset management companies and subject to regular reserve audits.