Agora and Galaxy Celebrate First Successful OTC Trade of AUSD Stablecoin

Historic OTC Transaction Marks a New Era for AUSD Stablecoin

On January 8, 2025, Agora achieved a significant milestone by completing its first over-the-counter (OTC) transaction involving its USD stablecoin, AUSD, in collaboration with Galaxy, a prominent leader in the digital asset and blockchain space. This development highlights the increasing demand for secure and reliable solutions in the ever-evolving digital economy.

AUSD is an innovative, fully-backed stablecoin that benefits from the expertise of some of the world's largest asset managers. Its reserves are regularly audited by reputable accountants, and its assets are secured with one of the oldest custodians globally. The design of AUSD emphasizes transparency and scalability, aiming to be at the forefront of regulated digital currencies—secure, compliant, and ready for mass adoption.

Nick Van Eck, CEO and Co-Founder of Agora, expressed enthusiasm about the partnership with Galaxy, stating, "We are thrilled to partner with Galaxy on this landmark transaction. This trade marks the transition of AUSD from proof of concept to practical application, showcasing its potential within the burgeoning digital economy."

With U.S. regulations surrounding digital assets continuing to develop, Agora is committed to adhering to these standards and establishing AUSD as a cornerstone of the institutional stablecoin market. Jason Urban, Global Head of Trading at Galaxy, remarked, "Facilitating Agora's first OTC transaction aligns with our mission to drive innovation and adoption in the digital asset space. We look forward to our continued collaboration as Agora leads the way in bringing a compliant and transparent stablecoin to the global financial system."

The strategic partnership between Agora and Galaxy not only provides capital markets expertise but also enhances the technical and regulatory guidance necessary for thriving in today's digital landscape. This partnership reflects their joint goal of creating a more secure and regulated environment for digital assets.

This inaugural OTC transaction symbolizes the first step in Agora's ambitious mission to scale AUSD and position it as a leading stablecoin, contributing significantly to a compliant digital economy while opening new financial avenues in underserved markets. The integration of AUSD into broader trading, lending, and payment systems assures users of its efficacy and reliability as a digital currency.

Agora's approach with AUSD is designed to minimize transaction costs due to its gas-optimized smart contract, making it particularly advantageous for traders and transactional exchanges. It aims to simplify access to a stable digital dollar for users across various sectors, including institutional and retail participants alike.

For more information about Agora, AUSD, and their strategic initiatives, you can visit the Agora website. With a forward-looking strategy, Agora is set to play a critical role in shaping the digital economy through its secure and transparent stablecoin solutions. As they navigate this transformative landscape, their partnership with Galaxy is poised to foster innovation and propel the growth of digital asset markets worldwide.

About the Companies

Agora: Agora serves as a foundational infrastructure provider in the stablecoin realm, with AUSD representing its flagship digital dollar product. Utilizing advanced custodial solutions from leading banks, Agora ensures the safety and security of its assets while facilitating various financial operations.

Galaxy: Galaxy (TSX GLXY) has established itself as a leader in the blockchain ecosystem, catering to a diverse clientele ranging from institutions to startups. Its extensive financial platform encompasses market trading, asset management, and digital infrastructure, establishing Galaxy as a powerhouse in the growing digital economy.