Svmuu News According to an official announcement, Agora has declared that it will gradually cease the issuance and support of AUSD on the Injective network starting April 3, 2026. Under the latest adjustment, no new AUSD will be minted on Injective from now on, and AUSD held on this network will no longer accrue any rewards. However, users can still redeem AUSD at a 1:1 value, with the redemption window remaining open until September 28, 2026. This adjustment applies solely to the Injective network and does not affect AUSD operations on other chains.
Regarding the redemption process, Agora stated that its customers can complete the operation by contacting their account manager. Users simply need to send their AUSD on Injective to the official channel, and the platform will assist in converting it to AUSD on the user's specified chain, or exchanging it for US dollars and other supported stablecoins. The official announcement emphasized that September 28, 2026, is the standard redemption deadline. Assets remaining after this date can still be processed, but may require additional KYC verification procedures and incur related fees.
Agora pointed out that this decision stems from its regular evaluation mechanism for multi-chain deployments, with primary considerations including actual usage, ecosystem health, and infrastructure costs. After a comprehensive assessment, Agora decided to strategically scale back its AUSD business on the Injective network to optimize resource allocation and enhance overall operational efficiency.