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![Mxro_V Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1884101344027398144.png) Maro ⚔️ [@Mxro_V](/creator/twitter/Mxro_V) on x XXX followers
Created: 2025-07-20 23:03:16 UTC

So as we know $AUSD is the backing of @katana 

But what do we really know about it?

Anyways after doing some research I kind of have some questions.

➜ So firstly is there any plan to give users visibility or governance over how Agora allocates its underlying network fees

➜ if you are saying Agora controls the minting and redemption infrastructure, where does decentralization live in this model? Is it really “onchain money” if the core issuance is centrally managed?

➜ also in a situation where thousands of branded stablecoins launch through Agora, what prevents liquidity from fracturing across silos? How do you avoid the stablecoin version of app chain fatigue?

Really hoping @Nick_van_Eck can give some answers, or better still join us at @Nofuturephoto “The hangout space” Tomorrow for better insights 

What do y’all think?

![](https://pbs.twimg.com/media/GwVhr3aXIAAoPU5.jpg)

XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1947069828130636265/c:line.svg)

**Related Topics**
[decentralization](/topic/decentralization)
[agora](/topic/agora)
[governance](/topic/governance)
[visibility](/topic/visibility)
[$ausd](/topic/$ausd)

[Post Link](https://x.com/Mxro_V/status/1947069828130636265)