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Polygon AggLayer adopts AgoraStable CoinAUSD as its native stablecoin
Stable Coin company Agora has launched its AUSD Stable Coin as the native coin of Polygon Cross-Chain Interaction Settlement network AggLayer, enabling multi-chain transactions through stable Fiat Currency-backed assets. The partnership aims to eliminate the need for Tokenbridge, simplifying and unifying Liquidity for AggLayer community on-chain developers and end-users. Agora is a Stable Coin startup company founded by Nick van Eck, Drake Evans, and Joe McGrady. Custodians such as State Street and VanEck support its institutional-grade Stable Coin, AUSD. (Cointelegraph)