Injective 🥷 (@injective): Over $10 Million in $AUSD has been minted on Injective since launch a few days ago.

Over $10 Million in $AUSD has been minted on Injective since launch a few days ago. AUSD is Agora's fully collateralized, Institutional grade, US digital dollar that is backed by a basket of cash, US treasury bills, and overnight reverse repurchase agreements. The assets backing AUSD are fully managed by the $100B asset management firm, @vaneck_us, and custodied by the $4.1T assets under management (AUM) firm, State Street. Injective offers ultra-low fees that make it inexpensive to carry out complex DeFi transactions or send remittances cross-border. Injective also has blazing-fast throughput, ensuring users to transact in real time, offering some of the fastest time-to-finality in the blockchain industry. As the first and only blockchain built for finance, Injective is continuing to pave the way towards a new capital-efficient world in which traditional and on-chain finance truly converge to bring in millions of new users into the crypto ecosystem.