Agora introduces AUSD stablecoin as native currency for Polygon's AggLayer network

Stablecoin company Agora has partnered with Polygon's AggLayer to introduce its AUSD stablecoin as the native currency for the crosschain settlement network. This will allow for multichain transactions via a stable, fiat-backed asset without the need for token bridges, simplifying and unifying liquidity for developers and end-users. The integration of AUSD on AggLayer will reduce transaction costs and streamline crosschain interactions for connected chains, while also providing a reliable store of value and stable payment method for developers building applications on the network. The partnership aims to make Web3 more accessible and efficient to boost mainstream adoption.