Golden Finance reported that according to official announcements, asset management company Galaxy and stablecoin issuer Agora completed the first over-the-counter transaction involving Agora’s stablecoin AUSD. "This transaction marks the transition of AUSD from proof of concept to practical application," Agora CEO Nick van Eck said in a statement. Agora said AUSD is a “builder-centric” stablecoin designed to attract traders and developers through “gas-optimized” smart contracts. The company also said that the stablecoin is fully supported, with collateral held by one of the world’s largest asset managers and subject to regular reserve audits.