Agora announced it will cease minting the stablecoin AUSD on Injective, with the redemption window open until September 28th

April 3 — Agora announced today that starting April 3, 2026, it will phase out issuance and support for AUSD on the Injective network. Under the latest update, no new AUSD will be minted on Injective, and existing AUSD holdings on the network will no longer earn rewards. However, users can still redeem AUSD at a 1:1 rate, with the redemption window open through September 28, 2026. This change only applies to the Injective network and does not impact AUSD operations on other blockchains. For redemptions, Agora said customers can complete the process by contacting their account manager. Users just need to send their Injective-based AUSD to the official channel, and the platform will help convert it to AUSD on the user’s designated blockchain or exchange it for USD or other supported stablecoins. The official note stresses that September 28, 2026 is the standard redemption deadline; remaining assets can still be processed after that, but may require additional KYC checks and incur fees. Agora noted the decision stems from its regular multi-chain deployment evaluation, which considers factors like actual usage, ecosystem health, and infrastructure costs. After a comprehensive review, the company has decided to strategically streamline AUSD operations on Injective to optimize resource allocation and boost overall operational efficiency.