AUSD

AUSD is a digital dollar issued by Agora and minted one-to-one with U.S. dollar fiat. As a fiat-backed stablecoin, its aim is to hold a steady value of about $1 while remaining cheap and efficient to move on-chain, making it useful for trading, lending and payments across multiple blockchains.

What is AUSD?

AUSD, the Agora dollar, is designed to be a secure digital currency backed by reserves held with a major global custodian bank. Agora emphasizes an institutional-grade setup: one of the world's largest custodian banks safeguarding assets, a Big Four auditor and a top-tier fund manager involved in reserve management. The goal is a transparent, trustworthy stablecoin that traders and payment users can rely on to represent a dollar.

How does AUSD work?

Like other fiat-collateralized stablecoins, AUSD maintains its peg by holding reserves equal to the tokens in circulation, so each AUSD is redeemable for a dollar of backing. Agora highlights a gas-optimized smart contract that makes AUSD one of the more cost-efficient stablecoins to transact with, which matters for high-frequency traders and payment flows where fees add up. AUSD is deployed across several networks, including BNB Chain, Solana, Avalanche and Polygon, giving users flexibility in where they hold and move it.

AUSD tokenomics and supply

Unlike capped tokens, a stablecoin has no fixed maximum supply: AUSD expands and contracts as users mint and redeem it against dollar reserves. Circulating and total supply currently sit around 172.8 million AUSD, and that figure moves with demand. Because it targets a stable $1 value, AUSD's trading range is tight, with an all-time high near $1.022 and an all-time low around $0.95, reflecting brief deviations around the peg rather than speculative swings.

Key characteristics

• Backing: minted 1:1 with USD fiat reserves
• Supply: no fixed cap; expands and contracts with demand
• Networks: BNB Chain, Solana, Avalanche and Polygon
• Focus: gas-optimized, cost-efficient transactions

What is AUSD used for?

AUSD is built for utility rather than speculation. It is used as a stable settlement asset for trading pairs, as collateral and liquidity in lending markets, and as a low-cost medium for payments and transfers. Its multichain availability lets users deploy the same digital dollar wherever their activity happens, whether that is DeFi on Solana or payments on Polygon.

Where to get AUSD

AUSD can be minted or acquired through supported venues and the platforms in our best crypto exchanges ranking, which helps you compare where AUSD pairs are available. Because AUSD spans several chains, our best crypto wallets guide is useful for choosing wallets that support the specific network you plan to hold it on.

Is AUSD a good store of value?

A well-run fiat-backed stablecoin like AUSD is intended to hold value near $1, not to appreciate, so it is a tool for stability and settlement rather than growth. The main risks are reserve quality, custodian and issuer trust, and regulatory changes, plus rare de-peg events. This is not financial advice; review Agora's attestations and reserve disclosures if you plan to hold meaningful amounts of AUSD.