Stablecoin startup Agora completes $50.00 million Series A funding round, led by Paradigm

According to Fortune, stablecoin startup Agora has announced the completion of a $50.00 million Series A funding round led by Paradigm. The company completed a $12.00 million seed round last year. With this funding, Agora hopes to build its own stablecoin, AUSD, a cryptocurrency pegged to underlying assets such as the U.S. dollar. [ChainCatcher]