About the coin

AUSD, known as Agora Dollar, is a digital currency that is minted in a 1:1 ratio with the US Dollar. It is designed to provide a secure and reliable digital currency option for users. The coin is backed by one of the world's largest custodian banks, ensuring the safety and security of the assets. Additionally, it is audited by a big four accounting firm and managed by a top-tier fund manager, adding layers of trust and credibility to the currency.

Main features

AUSD offers several key features that make it an attractive option for users. It enables participation in trading, lending, and payments, providing a versatile tool for various financial activities. One of its standout features is its cost-efficiency. The stablecoin is designed with a gas-optimized smart contract, which significantly reduces transaction costs. This makes it particularly appealing for traders and those involved in frequent payments, as it minimizes the expenses associated with transactions.

How it works

The operation of AUSD is centered around its minting process, where each AUSD token is backed by an equivalent amount of USD fiat currency. This ensures that the value of AUSD remains stable and directly tied to the US Dollar. The use of a large custodian bank for asset safeguarding, along with auditing by a major accounting firm, ensures transparency and security in its operations. The smart contract technology employed by AUSD is optimized for gas efficiency, which not only reduces costs but also enhances the speed and reliability of transactions. This makes AUSD a practical choice for users looking to engage in digital financial activities with minimal overhead.