Agora Announces the Termination of AUSD Issuance on Injective, Redemption Window Open Until September 28

BlockBeats News, April 3: According to official information, Agora has announced that starting April 3, 2026, it will gradually cease the issuance and support of AUSD on the Injective network. As per the latest adjustments, no new AUSD will be minted on Injective from now on, and AUSD held on this network will no longer receive 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 only 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 representatives. Users simply need to send AUSD from the Injective network to the official channel, and the platform will assist in converting it to AUSD on the user’s designated chain or exchanging it for USD or 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 additional KYC verification procedures and related fees may apply. Agora explained that this decision stems from its periodic evaluation mechanism for multi-chain deployments, which considers factors such as actual usage, ecosystem health, and infrastructure costs. After a comprehensive assessment, Agora decided to strategically scale back AUSD operations on the Injective network to optimize resource allocation and enhance overall operational efficiency.