Stablecoin platform Agora raises $50M in series A led by Paradigm
2025-07-11 07:52:03
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
- Stocks slip amid Trump’s tariff threats, Bitcoin spike buoys crypto stocks2025-07-11 14:16:03
- Ethereum Foundation offloads $25.7m ETH to a public company in rare deal2025-07-11 14:14:44
- Find out why crypto is up today and the best altcoins to buy2025-07-11 14:14:06
- Interview | Bitrue CMO explains tokenized stock rollout and future asset plans2025-07-11 13:27:41
- Here’s why Pi Network price is primed for a short squeeze2025-07-11 13:10:46