Stablecoin platform Agora raises $50M in series A led by Paradigm

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.