Agora’s AUSD stablecoin has roughly doubled its circulating supply on the Monad blockchain in a single week, climbing approximately 124% to reach $72.68 million.
The surge positions AUSD as the largest stablecoin on Monad, a high-performance blockchain that launched its foundation in mid-June 2026. AUSD quickly surpassed $1B in transfer volume with over 3,000 active addresses in the aftermath.
What’s driving the growth
Two catalysts stand out. The first is the Monad Foundation’s launch itself, which opened the floodgates for DeFi activity on the network. The second is Pendle, which launched on Monad around June 19, rolling out AUSD yield pools that offer up to $100K in weekly rewards.
Across all chains, AUSD’s total supply sits at roughly $181M. The Monad deployment alone now accounts for about 40% of that figure, making it the token’s single largest venue by a wide margin.
