Stablecoin platform Agora raises $50M in series A led by Paradigm
Main Idea
Stablecoin infrastructure firm Agora raised $50 million in a Series A round to expand its AUSD stablecoin platform, which is live across 13 blockchains and serves over 50,000 monthly active addresses.
Key Points
1. Agora raised $50 million in a Series A round led by Paradigm with participation from Dragonfly Capital.
2. The funding will support the expansion of Agora’s AUSD stablecoin platform, which is live across 13 blockchains including Ethereum, Solana, and Arbitrum.
3. AUSD is pegged to the U.S. dollar and backed by cash, short-term U.S. Treasuries, and other assets.
4. The platform powers billions in cumulative stablecoin volume and serves over 50,000 monthly active addresses.
5. Clients using Agora’s platform include VanEck, Flowdesk, Conduit, and Plume, with Galaxy recently settling an over-the-counter trade using AUSD.
Description
Stablecoin infrastructure firm Agora has raised $50 million in a Series A round led by Paradigm with participation from Dragonfly Capital. According to a July 10 announcement , the funding will support expansion of Agora’s AUSD ecosystem and the rollout of a white-label product that lets companies launch their own stablecoins in days. The platform is live across 13 blockchains, including Ethereum ( ETH ), Solana ( SOL ), and Arbitrum ( ARB ). It powers billions in cumulative stablecoin volume an...
Latest News
- XRP price surges as new Ripple ETF nears $250m milestone2025-07-12 08:08:31
- The internet’s new backbone isn’t Big Tech’s cloud—it’s DePIN | Opinion2025-07-12 06:53:27
- RICH Miner’s strategy could bring a stable appreciation of crypto assets every day2025-07-11 23:02:40
- Bitcoin’s breakout isn’t about the Fed, it’s about market structure: analysts2025-07-11 20:49:26
- DDC announces $100m Bitcoin treasury partnership with Animoca Brands2025-07-11 19:38:50