Agora announced that it will stop issuing the stablecoin AUSD in Injective, and the redemption window will last until September 28

According to Twitter, according to official sources, Agora announced that it will gradually stop issuing and supporting AUSD on the Injective Network starting April 3, 2026. According to the latest adjustments, no new AUSD will be minted on Injective from now on, and holding AUSD on the network will no longer be rewarded. However, users can still redeem AUSD at a 1:1 value, and the redemption window will last until September 28, 2026. This adjustment only applies 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 connecting to their account contacts. Users only need to send AUSD on Injective to the official channel, and the platform will assist in converting to AUSD on the user's designated chain, or into US dollars and other supported stablecoins. Officials emphasized that September 28, 2026 is the standard redemption deadline, after which remaining assets can still be processed, but additional KYC verification procedures and related fees may be required.

Agora pointed out that the decision stemmed from its regular evaluation mechanism for multi-chain deployments. The main considerations included factors such as actual usage, ecosystem health, and infrastructure costs. Following a comprehensive evaluation, Agora decided to strategically shrink the AUSD business on the Injective Network to optimize resource allocation and improve overall operational efficiency.