AUSD on AggLayer: shared stablecoin liquidity for all connected chains
Quote282 words
AUSD, a yield-bearing fiat-backed stablecoin custodied by State Street with VanEck as investment manager, deploys to AggLayer so connected chains skip stablecoin integrations and bridged assets. Framed as a fix for liquidity fragmentation.
Key claims
AUSD is described as the first yield-bearing USD stablecoin
State Street is cash custodian, VanEck investment manager
The AggLayer ecosystem is getting a native stablecoin!
@withAUSD is deploying to the @AggLayer, making $AUSD liquidity available across all connected chains.
๐ง๐ต๐ถ๐ ๐ถ๐ ๐ต๐๐ด๐ฒ. ๐๐ฒ๐ ๐บ๐ฒ ๐ฒ๐
๐ฝ๐น๐ฎ๐ถ๐ป ๐๐ต๐. โ
Stablecoin liquidity is the fuel of vibrant on-chain economies and crucial to the success of any chain.
However, amid a multichain future with dozens of ecosystems that consist of 100s or 1000s of app- and vertical-specific chains, liquidity fragmentation becomes a problem.
The @0xPolygon AggLayer solves fragmentation by enabling sovereign chains to securely share liquidity, users, and state.
Towards the end user, interacting within the AggLayer ecosystem will feel akin to the monolithic experience they are accustomed to from Ethereum or Solana.
โค ๐ช๐ต๐ ๐ฑ๐ผ๐ฒ๐ ๐๐ต๐ถ๐ ๐ฒ๐๐ฒ๐ป ๐บ๐ฎ๐๐๐ฒ๐ฟ?
@withAUSD on the AggLayer offers shared, deep liquidity through an open partner model, providing institutional-grade stability.
That also means that chains joining the AggLayer ecosystem can skip costly and time-consuming stablecoin integrations and are not dependant on bridged assets.
By plugging into the AggLayer, any chain immediately gains access to a trusted, fiat-collateralized asset with deep liquidity.
โค ๐ช๐ต๐ ๐๐ด๐ผ๐ฟ๐ฎ?
$AUSD is the first yield-bearing USD stablecoin in the market, that operates under institutional-grade security and reliability with @StateStreet Street serving as the cash custodian & fund administrator of the Agora Reserve Fund, and with @vaneck_us as investment manager.
$AUSD liquidity on the AggLayer will enable new use cases and provide users on all AggChains access to a stable asset for trading, payments, and transactions.
$AUSD volume has been growing quickly as @withAUSD has been expanding across chains and ecosystems, a trend set to accelerate with this major integration.
We're entering a generational bull cycle anon.
Don't fade Polygon and don't forget the AggLayer.
QUOTING @0xPolygon
One stablecoin for all AggChains. Absolutely huge news. AUSD is deploying to the @AggLayer as a reliable and yield-bearing stablecoin for ALL chains connected. t.co/0V7pNP4RuF
One stablecoin for all AggChains. Absolutely huge news. AUSD is deploying to the @AggLayer as a reliable and yield-bearing stablecoin for ALL chains connected. t.co/0V7pNP4RuF
1 image on X