Native stable coins rise on SUI, since Agora adds the stablecoin to the network

Agora brings an extraordinary mixture from Technology, financial market and operational experience, paired with first-class partners and donors from traditional finance.

Sui The Layer 1-Blockchain with industrial performance and unlimited horizontal scaling, has announced the introduction of the stable coin end in the network, which is scheduled to take place in July 2024. With this strategic introduction, which is only available on selected chains, the second native native stable coin within the SUI ecosystem, since the number of native assets in the network grows quickly. Agora is led by the veterans of the financial and technology industry Nick van Eck, Drake Evans and Joe Mcgrady.

The integration of ends into the SUI network improves the benefits and accessibility of both platforms and promotes a more comprehensive and interoper-blown financial ecosystem. Cooperation leads to additional liquidity, simplified transactions and improves market efficiency. In addition, Suis offers rapidly growing defi environment with a total value locked (TVL) of over $ 700 million and a top 10 ranking in the weekly Dex trade volume a solid basis for the success of end.

"The integration of end shows our commitment to promote an inclusive financial future and fits perfectly with our vision of a scalable blockchain environment," said Greg Siourounis, Managing Director of the Sui Foundation. "Since more and more first-class assets are being integrated into the SUI network, developers and users benefit significantly from improved interoperability and optionality."

developers and users of SUI will benefit from the stability and trust that ends with it. Based on transparent reserves and strict exams, this new stable coin not only strengthens the market position of Sui and Agora, but also makes Defi more accessible and user -friendly and enriches the general user experience with improved potential options for Yield Farming, lending, borrowing and staking.

AGORA is unique among the stablecoins, because it turns existing pension seeking models upside down and approaches the market from a compliant, customer-oriented perspective.

"Companies and applications ensure the benefits and liquidity of digital dollars. Not the other way around," said Nick van Eck. "Our model is based on giving something back to our Kyb partners, based on the services they provide to expand the end network. Agoras platform partner is paid in a way that corresponds to the services and ultimately the benefits that they offer.

AGORAS ANDAY uses one of the largest custodian banks in the world and the institutional asset management of Vaneck and has received considerable institutional support from renowned companies such as Dragonfly, General Catalyst and others. This support is a crucial proof of trust in the potential of end up creating the hard-fought stable coat landscape.

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