Polygon (POL) AggLayer Takes “Major Leap Forward” as AUSD Pledges Support

Polygon’s AggLayer (POL) is taking a major step forward with the inclusion of Agora’s AUSD stablecoin. The move promises significant benefits for chains, applications, and users connecting to the protocol.

AggLayer: Connecting All Web3 on Ethereum
AggLayer is the core interoperability solution in the Polygon 2.0 architecture, which aims to connect multiple chains on Ethereum peer-to-peer using zero-knowledge technology. According to Polygon Labs CEO Marc Boiron, AggLayer acts as a bridge, connecting the entire Web3 space together, solving the liquidity fragmentation problem between layer-1s like Ethereum and Solana.

AUSD: Developer-Focused Stablecoin
Agora’s AUSD is a fully collateralized stablecoin, backed by a basket of assets including cash and US Treasury bonds. These assets are managed by asset management firm VanEck and stored by State Street. AUSD is designed to provide an efficient way to trade between DeFi markets and traditional finance.

Benefits of the Partnership

The integration of AUSD into AggLayer brings many benefits:
Increased liquidity: AUSD provides a stable and reliable means of payment for transactions on AggLayer, helping to reduce liquidity fragmentation.

Support for DeFi projects: Projects and applications on AggLayer can use AUSD for activities such as payments, transactions, and collateral, promoting the development of the DeFi ecosystem.

Improved user experience: Users will benefit from seamless asset transfers and lower transaction costs when using AUSD on AggLayer.
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The collaboration between Polygon and Agora in integrating AUSD into AggLayer marks an important step forward in connecting blockchains and improving user experience in the Web3 space.