
Agora is expanding its operations to the Avalanche blockchain, introducing the AUSD stablecoin to its ecosystem. AUSD, an ERC-20 stablecoin, is designed with advanced role-based access control features, allowing for minting, burning, asset freezing, and gasless transfers. It is now available on Trader Joe with significant liquidity and will soon be integrated into more applications such as Benqi Finance and Pharaoh Exchange. The launch of AUSD on Avalanche is part of a broader effort to enhance the blockchain's ecosystem, providing businesses with economic incentives to participate and contribute. Additionally, Avalanche is implementing ACP-77, a protocol that lowers the barriers for validators on Avalanche L1s, making regulatory compliance easier for enterprise L1s and promoting a more decentralized validator set for retail-focused L1s. Franklin Templeton has also launched a tokenized money market fund, BENJI, on Avalanche, and Agora AUSD has minted over $20M USD on the platform.

While crypto is driven by speculation, these three alt-L1s are making cool real-life user applications: First, Avalanche: • Franklin Templeton launches tokenized money market fund BENJI on Avax • New stablecoin @withAUSD minted $20M+ USD on the Avalanche. Agora AUSD is an…
More institutions on Avalanche. Someone's gotta do it🤷♂️
ACP-77 redesigns the relationship between validators and Avalanche L1s 🤝 ✅ Makes regulatory compliance easy to implement for enterprise L1s ✅ Retail-focused L1s can benefit from a more decentralized validator set New ACP-77 research from @TheBlock__ https://t.co/rRPT6rpi8S