Agora Raises $50 Million to Accelerate Development of Its Stablecoin Initiative
2025-07-11 10:43:19
Main Idea
Agora, a stablecoin company, has raised $50 million in a Series A funding round led by Dragonfly Capital to accelerate the development of its stablecoin solutions and expand its business model.
Key Points
1. Agora raised $50 million in a Series A funding round led by Dragonfly Capital.
2. The funds will be used to accelerate the development of Agora's stablecoin solutions and expand its business model.
3. Agora issues AUSD, a stablecoin that differs from others in its operational and backup mechanisms.
4. The company plans to focus its operations outside the U.S., targeting financial institutions in regions with aggressive adoption of stablecoin solutions.
5. Agora's co-founder noted that financial institutions outside the U.S. are more likely to adopt stablecoin solutions quickly compared to those in the U.S.
Description
The Series A funding round, led by Dragonfly, will enable Agora to accelerate the development of its stablecoin infrastructure, which is designed to support upcoming decentralized finance applications for issuing and managing stablecoins seamlessly. Agora Secures $50 Million in Series A Round to Develop Stablecoin Solutions Stablecoins are rising in popularity as part of the
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