Agora: Will stop issuing the stablecoin AUSD on Injective, with the redemption window lasting until September 28

According to official news, Agora announced that starting from April 3, 2026, it will gradually stop the issuance and support of AUSD on the Injective network. According to the latest adjustments, no new AUSD will be minted on Injective from today, and AUSD held on this network will no longer earn any rewards. However, users can still redeem AUSD at a 1:1 value, and the redemption window will last until September 28, 2026. This adjustment only applies to the Injective network and does not affect the operation of AUSD on other chains.

Regarding the redemption process, Agora stated that its clients can complete the operation through their account contacts. Users only need to send AUSD on Injective to the official channel, and the platform will assist in converting it to AUSD on the user-specified chain or exchanging it for US dollars and other supported stablecoins. The official emphasized that September 28, 2026, is the standard redemption deadline, and after that, remaining assets can still be processed, but may require additional KYC verification processes and related fees.

Agora pointed out that this decision stems from its regular evaluation mechanism for multi-chain deployment, with key considerations including actual usage, ecosystem health, and infrastructure costs. After a comprehensive assessment, Agora decided to strategically shrink the AUSD business on the Injective network to optimize resource allocation and improve overall operational efficiency.