AUSD

Agora USD

Agora's institutional fiat-backed stablecoin — backed by State Street custody and managed by VanEck.

AUSD launched 2024 with a structurally institutional positioning: reserves at State Street, asset management by VanEck, distribution via OTC desks and prime brokers. Issued on Ethereum + Avalanche; smaller float than USDC/USDT but targets sovereign-wealth and treasury allocators.

Related terms

Fiat-collateralised stablecoinA stablecoin backed by off-chain fiat reserves (cash + equivalents) held by a regulated custodian.
ReservesThe assets backing a stablecoin's outstanding liabilities — for fiat-backed stables, predominantly cash + Treasuries.