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

Stablecoin startup Agora has announced the completion of a $50.00 million Series A funding round, led by crypto venture capital firm Paradigm, with participation from Dragonfly. Agora focuses on providing other companies with white-label issuance services based on its stablecoin AUSD, supporting asset yield sharing and cross-chain liquidity. This round of financing will help it expand its global business and further promote the application of AUSD in Web2 enterprises, RWAs, and cross-border payment scenarios. [Fortune]