Stablecoins are moving past “fiat-in, token-out.” A new wave is experimenting with yield, speed, and distribution - turning stables into real infrastructure. Here are 3 projects #OnOurRadar this week, pushing that shift 👇🧵

1⃣ @withAUSD: a neutral money layer Agora issues $AUSD, a reserve-backed "stablecoin-as-a-service". Instead of being an exchange-adjacent issuer, Agora operates as neutral infrastructure, allowing businesses to white-label compliant stablecoins without managing the underlying treasury.

Agora uses @LayerZero_Core's OFT standard to make AUSD feel native across 14+ chains without bridge risks. Its Instant Liquidity feature enables atomic swaps between AUSD and USDC/USDT, effectively bootstrapping supply by using competitor liquidity as collateral.