Agora to Cease AUSD Operations on Injective Network by 2026

Agora has announced plans to gradually discontinue the issuance and support of AUSD on the Injective network starting April 3, 2026. According to BlockBeats, effective immediately, no new AUSD will be minted on Injective, and holders will no longer receive rewards. However, users can redeem AUSD at a 1:1 value until September 28, 2026. This change is specific to the Injective network and does not affect AUSD operations on other chains. For the redemption process, Agora stated that customers can complete transactions through their account contacts. Users need to send their AUSD on Injective to official channels, where the platform will assist in converting it to AUSD on a specified chain or exchange it for USD and other supported stablecoins. The standard redemption deadline is September 28, 2026, after which remaining assets can still be processed but may require additional KYC verification and incur related fees. Agora explained that this decision stems from its regular evaluation mechanism for multi-chain deployments, considering 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.