Agora Raises $50M Series A Led by Paradigm to Expand Stablecoin Platform
2025-07-11 04:02:00
Main Idea
Agora raised $50 million in a Series A funding round led by Paradigm to expand its stablecoin platform, with its AUSD stablecoin already operational on multiple blockchains and gaining international traction.
Key Points
1. Agora secured $50 million in Series A funding led by Paradigm, with participation from Dragonfly.
2. Agora’s AUSD stablecoin is live on Ethereum, Solana, Polygon, Avalanche, and Arbitrum.
3. The stablecoin is backed by cash, U.S. Treasury bills, and repurchase agreements but is not yet available for U.S. customers.
4. The funding aims to accelerate the development of Agora’s full-stack platform for stablecoin infrastructure.
5. The stablecoin market is projected to grow significantly, with Ripple CEO Brad Garlinghouse estimating it could reach $1 to $2 trillion in a few years.
Description
Stablecoin platform Agora has secured $50 million in a Series A funding round led by crypto venture firm Paradigm, with additional support from Dragonfly Capital. Key Takeaways: Agora raised $50 million in a Series A round led by Paradigm to expand its stablecoin platform. The funding arrives as US regulators advance stablecoin legislation with the recent passage of the GENIUS Act. Agora’s AUSD stablecoin operates across multiple blockchains and serves major clients. The fresh capital aims to ac...
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