cryptojournalist
Agora’s AUSD stablecoin is now the main currency for Polygon’s AggLayer, which helps different blockchains interact with each other. This partnership removes the need for complicated token bridges, making crosschain transactions simpler.
Making Crosschain Transactions Smoother
AUSD is backed by fiat, making it more stable for transactions. With it integrated into AggLayer, users can send and receive payments across chains without extra fees or steps like bridging.
Agora and the Trust Behind AUSD
Agora, the company behind AUSD, is backed by big names like State Street and VanEck, giving AUSD a solid reputation. Now that it’s native to AggLayer, chains can use AUSD without any extra work or costs.
How AUSD Helps Developers and Users
For developers, AUSD makes it easier to integrate stable payments into decentralized apps. Plus, it creates a fairer system where users benefit from the stablecoin’s use instead of a central issuer taking the profits.
Boosting Security with Zero-Knowledge Proofs
AggLayer is also becoming safer with the help of zero-knowledge proofs (ZKPs). This will enhance security, cut down costs, and speed up the development process, so projects that used to take years will now be done in months.
