Folks Finance Lists AUSD: A Fully Collateralized Stablecoin for Crosschain DeFi

Folks Finance is excited to announce the listing of AUSD, the fully collateralized stablecoin developed by Agora with reserves managed by Vaneck. AUSD is now available for deposits, collateralization, and crosschain borrowing on Folks Finance.

With over $10B in transaction volume, 25,000+ users, and 1M+ total transfers per minute, AUSD is quickly becoming a core stablecoin infrastructure for trading, FX, payments, and financial applications around the world.

Now, AUSD holders can:

• Deposit AUSD on Folks Finance
• Use it as collateral to borrow assets across supported chains
• Loop AUSD to generate yield and maximize efficiency
• Collect live incentives and Folks Points for every active position

This integration brings a high-performance stablecoin into the crosschain DeFi ecosystem, giving users a powerful new tool to optimize capital and expand into crosschain strategies, without manual bridging.

Put your AUSD to work today: xapp.folks.finance