Paradigm Leads $50.00 Million Series A in Agora to Accelerate White-Label Stablecoin Track Layout

On July 11th, top crypto venture capital firm Paradigm led a $50.00 million Series A funding round for stablecoin startup Agora. Previously, the company had received a $12.00 million seed round led by Dragonfly, bringing the total funding to $62.00 million. Agora provides a white-label solution based on its U.S. dollar stablecoin AUSD, allowing companies to issue their own branded stablecoins within days and enjoy institutional-grade custody, CeFi/DeFi integration, and zero-fee minting of $USDT and USDC. Paradigm's investment shows the growing demand from fintech companies and enterprises to issue digital dollars, meaning these companies can quickly deploy digital dollars without building complex underlying systems themselves. At the same time, more and more institutions, including multinational corporations and large banks, are also accelerating their deployment in the stablecoin market. (Source: The Block) [Meta Era]