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- Polygon Labs integrates AUSD as the stablecoin for AggLayer to simplify cross-chain operations, reduce fragmentation, and enhance liquidity across the ecosystem.
- As cross-chain use grows, demand for AUSD and the POL token increases, with POL seeing a 45% rise over the past week and substantial trading volume.
Backed by VanEck and State Street, AUSD provides a unified liquidity solution, allowing for smoother, more efficient transactions across connected networks. With AUSD’s integration, developers and users can bypass the need for multiple stablecoins, simplifying cross-chain operations and reducing fragmentation.
On top of that, as previously highlighted by CNF, Polygon has chosen Agora AUSD as the native stablecoin for AggLayer, a move aimed at enhancing cross-chain liquidity and interoperability within the Polygon ecosystem. As described in a post, in practical terms,
This means that developers on any chain integrated with AggLayer can immediately access AUSD. Developers will be able to utilize AUSD to build useful DeFi applications, such as cross-chain payments and trading, leveraging the asset as a store of value, or using it as collateral, among a plethora of other use cases.
AUSD’s integration aims to tackle liquidity fragmentation, enabling a single stablecoin to operate seamlessly across all AggLayer-linked blockchains. This unified approach allows all developers to focus on building applications without concerns over stablecoin compatibility, ultimately creating a smoother user experience and promoting innovation within the Polygon ecosystem.
The decision to incorporate AUSD came during the Aggregation Summit in Bangkok, where Polygon emphasized its role in promoting cross-chain technology.
Rising Demand for AUSD and POL Tokens
As Polygon’s reach expands, demand for AUSD is expected to grow, attracting more developers and users to the stablecoin for cross-chain transactions. Increased engagement is also likely to drive interest in the native POL token, which has seen significant gains recently.
According to CoinMarketCap data, POL is currently trading at $0.433, with a 24-hour high of $6.18, and has risen 45.18% over the past week. Furthermore, the token’s trading volume of $414 million underscores active interest, as both AUSD and POL stand to benefit from Polygon’s ongoing cross-chain developments.
