No. AUSD is holding its peg. Pegana's current read is −0.01% from intrinsic value, inside its calibrated drift band. Agora Dollar (AUSD) last traded at $0.9999 against an intrinsic value of $1.0000, as of .
AUSD is a fiat-backed stablecoin, so its intrinsic value is $1.00 by construction and the only question is whether the market price is holding there. Pegana computes AUSD’s intrinsic value from its peg mechanism and compares it against the best executable market quote. The spread is smoothed, classified against AUSD’s own calibrated thresholds with hysteresis, and every state change emits a public receipt that anyone can re-derive byte-for-byte with the open-source methodology crate.