Plume Integrates Agora’s Stablecoin to Enhance RWAfi Ecosystem
Blockchain platform Plume has taken a significant step by integrating Agora’s U.S. dollar-backed stablecoin into its system. This move aims to bring more decentralized finance (DeFi) benefits to users and developers in the real-world asset finance (RWAfi) space. The declaration came on June 23, marking a strategic partnership that expands Plume’s DeFi capabilities.
AUSD, Agora’s stablecoin, is fully backed by U.S. dollars and managed by Van Eck wiht State Street as the custodian. The collaboration will strengthen Plume’s native stablecoin infrastructure. It also positions both platforms as key players in the tokenized real-world assets market.
Chris Yin, CEO of Plume, believes the next wave of stablecoin adoption will extend beyond simple payments.“Our RWAfi ecosystem will lead this transformation by providing advanced utility,” he stated.
The integration of AUSD supports Plume USD, Plume’s own stablecoin, ensuring reliability and liquidity. Nick van Eck, CEO of Agora, emphasized that users now demand transparent, trustworthy, and composable stablecoins.
Plume recently launched Plume Genesis, its public mainnet, aiming for greater DeFi composability in RWA. It has also partnered with major institutions like Superstate, Blackstone, and Invesco. Previous strategic investments by YZi Labs and Apollo Funds have further strengthened its position in the market.
