The launch of Agora’s AUSD stablecoin as a new reserve asset for Plume’s pUSD diversifies Plume’s RWAfi ecosystem.
Plume announced a partnership with Nick van Eck’s Agora that will integrate institutional-grade stablecoin AUSD into the network, expanding Plume’s native stablecoin infrastructure.
With this integration, AUSD becomes natively supported across Plume’s Ethereum Virtual Machine (EVM) environment, unlocking decentralised finance (DeFi) use cases for users and developers building in real-world asset finance (RWAfi).
This includes Plume’s flagship protocol Nest, an institutional-grade staking and yield platform, where it can serve as stable collateral for permissionless yield strategies.
“The next wave of stablecoin adoption will be driven by utility beyond payments, and our RWAfi ecosystem will be at the centre of that transformation,” commented Chris Yin, CEO and Co-Founder of Plume.
“With AUSD integrated natively on Plume, we’re bringing institutional-grade assets into programmable finance, where they can be used, moved, and composed without friction. By building the infrastructure that sits at the convergence of TradFi and DeFi, we’re making real-world capital as liquid and usable as any other digital asset.”
AUSD will also serve as an official reserve asset for Plume’s stablecoin, Plume USD (pUSD), further strengthening liquidity to support seamless financial operations within the ecosystem.
“As adoption of tokenized assets accelerates, users demand stablecoins that are transparent, composable, and trusted,” commented Nick van Eck, CEO and Co-founder of Agora.
“Plume’s architecture and ecosystem are purpose-built for the next phase of DeFi and RWAs, and we’re excited to bring AUSD to the heart of on-chain real-world asset finance.”
Agora’s AUSD is fully backed by short-duration U.S. Treasuries, cash, and overnight reverse repos. Assets are actively managed by VanEck® and custodied by State Street.
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