Polygon’s AggLayer has chosen Agora’s AUSD as its native stablecoin to address liquidity fragmentation and enhance cross-chain accessibility.
Highlights:
- AUSD selected as native stablecoin for AggLayer ecosystem.
- Integration of AUSD aims to resolve liquidity issues and improve cross-chain interoperability.
- POL token sees 38% growth, currently trading at $0.40.
Polygon has announced Agora AUSD as the new native stablecoin for its AggLayer, intending to resolve issues of liquidity fragmentation and streamline cross-chain transactions across the network. Backed by VanEck and State Street, AUSD simplifies stablecoin usage within the Polygon ecosystem, providing unified liquidity across integrated networks.
Polygon’s Unified Liquidity with AUSD In a recent blog post, Polygon introduced Agora AUSD as the designated stablecoin for AggLayer, aiming to create a unified liquidity framework that will enhance both developer and user experience within the blockchain ecosystem.
Agora’s AUSD addresses the challenge of fragmented liquidity by offering a fungible stablecoin that operates seamlessly across all AggLayer-linked blockchains. This simplifies the development process, enabling applications to function across various blockchains without requiring multiple stablecoin integrations.
This announcement was made during the AggLayer Summit, which focused on cross-chain interoperability and liquidity solutions. The integration of AUSD marks a major milestone toward a cohesive, scalable network designed to elevate the blockchain ecosystem’s functionality and innovation.
Growing AUSD Adoption and POL Token Performance As the Polygon ecosystem grows, AUSD adoption is anticipated to increase among developers and users, fostering greater engagement within the platform. The increased activity may also boost demand for the POL token, potentially impacting its value positively.
Currently, the POL token is trading at $0.40, with a weekly increase of 38% and a monthly rise of 9%. The 24-hour trading volume is at $414 million, indicating strong interest and momentum in the market.
