Plume Integrates AUSD to Boost DeFi in RWAfi Ecosystem

Plume, a blockchain platform specializing in real-world asset finance, has integrated Agora's USD-backed stablecoin (AUSD) to enhance decentralized finance capabilities within its ecosystem. The move, announced on June 23, aims to bridge traditional finance with DeFi by leveraging institutional-grade stablecoin infrastructure.

AUSD is fully collateralized by short-duration U.S. Treasuries and cash, with VanEck managing reserves and State Street serving as custodian. The integration positions Plume to capitalize on the growing tokenized real-world assets market, a sector poised to drive the next wave of stablecoin adoption beyond payments.

"Our RWAfi ecosystem will be at the center of this transformation," said Chris Yin, Plume's CEO and co-founder. The platform's ethereum Virtual Machine compatibility further strengthens its role in merging traditional and decentralized finance.