Copper offers custody support for Agora AUSD

WEDNESDAY, 15 January 2025 - Copper a leader in digital asset custody, collateral management, and prime services, is pleased to announce a strategic partnership with Agora, the stablecoin issuer of AUSD the first fully collateralized, freely tradable digital dollar.

Copper now offers custody support for Agora’s AUSD, a digital dollar minted 1:1 with USD fiat, designed to be a secure digital currencyenabling users to participate in trading, lending and payments.

The strategic partnership with Agora utilisesCopper’s secure MPC custody and ClearLoop technology to safeguard assets, mitigate counterparty risk and improve capital efficiency ensuring that AUSD is secure and readily available for trading.

Copper clients holding AUSD balances will also be able to earn rewards by simply holding AUSD in Copper’s infrastructure.

Ilya Khazen, Co-Head of Revenue, Americas at Copper commented: “Copper offers our institutional clients enhanced accessibility without compromising security. We’re excited to collaborate with Agora by supporting the AUSD stablecoin within our robust custodial infrastructure.”

Nick van Eck, CEO and Co-Founder at Agora: "We're thrilled to launch this initiative with Copper, one of the leading global custodians. Copper consistently pushes the frontier of digital assets forward with innovative solutions for their clients."

More details on AUSD can be found on the Agora website.

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Disclaimer

This is not an inducement to trade. The incentives being offered and which clients will receive in their Copper accounts are variable and subject to change.The reward rate is variable and subject to change.

About Agora Finance

“Agora is a stablecoin issuer that provides users with a safe haven from volatility by pegging its tokens to assets such as the US dollar. Agora will issue stablecoins backed by cash, US Treasury bonds, and overnight repurchase agreements. AUSD is the first fully collateralized, freely tradable digital dollar. It is partner-centric, open, scalable, and reliable.”

For more information, please visit: https://www.agora.finance/

About Copper

Since being founded in 2018, Copper has been building the standard for institutional digital asset infrastructure with a focus on custody and collateral management. Underpinned by multi-award-winning technology, Copper has built a comprehensive and secure suite of products and services required to safely custody and trade digital assets. At the core of Copper’s infrastructure is ClearLoop, which enables clients to manage collateral and settle trades across multiple exchanges, while mitigating counterparty risk and increasing capital efficiency.

For more information, please visit: www.copper.co

LinkedIn: Copper.co

Twitter: @CopperHQ

Please direct any media enquiries or requests to: copper@portland-communications.com