Gate News message, April 3, Agora announced that it will gradually stop issuing and supporting AUSD on the Injective network starting immediately. Under the latest adjustment, Injective will no longer mint new AUSD, and holders of AUSD on that network will no longer receive any rewards. However, users can still redeem AUSD at a 1:1 value, and the redemption window will remain open until September 28, 2026. This adjustment applies only to the Injective network and does not affect AUSD operations on other chains.
Regarding the redemption process, Agora said its customers can complete the steps by coordinating with the account contact. Users only need to send AUSD on Injective to the official channel, and the platform will help convert it into AUSD on the chain specified by the user, or exchange it for USD and other supported stablecoins. The official statement emphasized that September 28, 2026 is the standard redemption deadline; after that, remaining assets can still be handled, but additional KYC verification steps and related fees may be required.
Agora noted that this decision is based on its routine assessment mechanism for multi-chain deployments, with key considerations including actual usage, the health of the ecosystem, infrastructure costs, and other factors.
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