Agora raises $50 million to drive the next wave of Stablecoin

The stablecoin platform #Agora has successfully raised $50 million in a Series A round, led by Paradigm and Dragonfly Capital. This investment will support the expansion of Agora's stablecoin issuance and management system, as well as the launch of a new white-label stablecoin product.

Expansion and Strategy

The fundraising comes as the U.S. Congress is considering stablecoin legislation, with the Senate having passed the GENIUS Act in June. Agora Dollar (#AUSD ), the native stablecoin of the platform, has been deployed on 13 major blockchains such as Ethereum, Solana, Polygon, Avalanche, and Arbitrum.

Nick van Eck, co-founder of Agora, stated that the company's goal is to enable businesses to launch their own branded stablecoins in a short time, with access to on-chain liquidity, major exchanges, and compliant off-ramp channels through AUSD. AUSD is backed by cash, U.S. Treasury bills, and repurchase agreements, although it is not yet available in the U.S.

Agora is actively preparing to apply for a license in the U.S. The new funding will also help the company introduce white-label stablecoin services, allowing businesses to launch their own stablecoins without managing the infrastructure. This reflects the growing interest of major financial institutions such as Visa, Mastercard, Stripe, and PayPal in blockchain-based payment tools. Agora asserts that stablecoins have become a foundational element for the future of finance and capital markets.