Stablecoin company Agora has partnered with Polygon's AggLayer to introduce its AUSD stablecoin as the native currency for the crosschain settlement network. This will allow for multichain transactions via a stable, fiat-backed asset without the need for token bridges, simplifying and unifying liquidity for developers and end-users. The integration of AUSD on AggLayer will reduce transaction costs and streamline crosschain interactions for connected chains, while also providing a reliable store of value and stable payment method for developers building applications on the network. The partnership aims to make Web3 more accessible and efficient to boost mainstream adoption.
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Agora introduces AUSD stablecoin as native currency for Polygon's AggLayer network
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Bank of America: Markets will soon digest expectations of a Fed rate cut in January.
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White House National Economic Council Director Hassett: It's Time for the Fed to Cautiously Cut Interest Rates
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The yield on the 10-year U.S. Treasury note rose 2 basis points to 4.12%, a new high since November 2020.
yield on the US 10-year Treasury rose 2 basis points to 4.12%, reaching a new high since November 2020. -
Social media platform "X" has been fined €120 million by the European Union for violating content regulations.
social media platform "X" was fined 120 million euros by the European Union for violating content regulations. The European Commission stated that X violated three provisions of the Digital Services Act and gave X 60 days to provide a solution and 90 days to implement it. (Jin10) -
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US investors consider crypto less as risk-taking drops: FINRA study
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