Agora raises $50M in Series A funding round
#Agora secures $50M in Series A funding round led by Paradigm, with participation from Dragonfly. Agora will utilize fresh funding to build up $AUSD, its own stablecoin that is pegged to the U.S. dollar.
Agora is a stablecoin issuer, providing a hedge against volatility with tokens pegged to assets like the dollar and backed by cash, Treasury bonds, and overnight repo agreements.
š x.com/withAUSD/status/1943294146107634110