AUSD (Agora) Gets Listed on XT.COM Exchange

We are thrilled to announce that that AUSD (Agora) has been listed on XT. AUSD/USDT trading pair is now opened in Main Zone.

Seychelles, December 23, 2024 – We are excited to announce the listing of AUSD (Agora) on XT Exchange. AUSD/USDT trading pair is now available in the Main Zone.

About AUSD (Agora)

Agora is pioneering a new era in digital commerce by building a secure, blockchain-based digital payments platform tailored for the next generation of digital transactions. The platform’s flagship product, the fully reserved digital dollar (AUSD), is a stablecoin that can be redeemed on a 1:1 basis for US dollars, offering a stable and transparent medium of digital exchange.

The assets backing the AUSD are held in a bankruptcy-remote reserve trust, ensuring the stability and security of the currency. These assets are managed by VanEck in a private fund called the Agora Reserve Fund, with State Street handling the role of cash custodian and administrator. The fund’s diversified portfolio includes cash, US treasuries, and overnight repo agreements, while regular audits are conducted by PwC for transparency and trust.

Significantly, Agora does not custody customer or digital assets, adding another layer of security for users and helping mitigate the risks involved in digital asset management. Furthermore, the platform’s services are available only to institutions that undergo a thorough Know Your Business (KYB) and Anti-Money Laundering (AML) check during the onboarding process, ensuring a regulated, institutional-focused environment.

The listing of Agora on XT Exchange marks a crucial step in bridging traditional finance with the future of digital commerce. With its fully reserved digital dollar (AUSD), Agora provides a stable, secure, and transparent solution for institutions looking to engage in blockchain-powered transactions. By integrating Agora’s stablecoin into XT Exchange’s ecosystem, users can tap into the reliability and regulatory soundness of AUSD, enhancing their trading experience and building trust in the emerging digital economy.

Website: https://www.agora.finance/

Blockchain Browser:

Blockchain Browser: https://developer.agora.finance/

About XT.COM

Founded in 2018, XT Exchange has quickly established itself as the world’s first social-infused digital asset trading platform, serving nearly 8 million registered users and over 1 million monthly active users. Offering support for 800+ tokens and 1,000+ trading pairs, XT Exchange provides a diverse range of trading options, including spot, margin, and futures trading.

Our mission is to empower users to explore the infinite potential of blockchain technology, providing a secure, trusted, and intuitive trading environment.

Website: xt.com X: twitter.com/XTexchange Telegram: t.me/XTsupport_EN

Stay tuned for further updates and get ready to dive into the world of NPC on XT Exchange!