Agora Raises $50 Million to Power Next Wave of Stablecoins
2025-07-10 22:49:42
Main Idea
Agora raised $50 million to expand its programmable stablecoin AUSD, which now operates on 13 blockchains, aiming to underpin a new financial fabric.
Key Points
1. Agora raised $50 million in a Series A round led by Paradigm, with backing from Dragonfly Capital.
2. AUSD, Agora's stablecoin, is now available on 13 blockchains including Ethereum, Solana, and Polygon.
3. The funding will support the expansion of Agora's all-in-one system for stablecoin issuance and management.
4. Agora's stablecoin is backed by cash, U.S. Treasury bills, and repurchase agreements.
5. The company plans to introduce a white-label service for firms to issue their own stablecoins.
Description
Agora, which debuted its platform last year, said the funds will help businesses introduce and manage their own branded stablecoins.
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