Agora announces that it will cease issuing the stablecoin AUSD on Injective, with the redemption window lasting until September 28.

BlockBeats news: April 3, according to official announcements, Agora has announced that starting April 3, 2026, it will gradually cease the issuance and support of AUSD on the Injective network. According to the latest adjustments, as of today, no new AUSD will be minted on Injective, and holders of AUSD on that network will no longer receive any rewards. However, users can still redeem AUSD at a 1:1 value, and the redemption window will remain 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 said its customers can complete the operations by coordinating with account contacts. Users only need to send AUSD on Injective to the official channels; the platform will assist in converting it to AUSD on the chain specified by the user, or exchanging it for USD and other supported stablecoins. The official statement emphasized that September 28, 2026 is the standard redemption deadline. After that, remaining assets can still be processed, but additional KYC verification steps and related fees may be required.

Agora pointed out that this decision is based on its periodic evaluation mechanism for multi-chain deployments, with key considerations including actual usage, the health of the ecosystem, and infrastructure costs. After a comprehensive assessment, Agora decided to make a strategic contraction of its AUSD business on the Injective network in order to optimize resource allocation and improve overall operational efficiency.