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Agora has secured $50 million in a Series A funding round led by Paradigm and Dragonfly Capital to expand its programmable stablecoin AUSD. The funding will support the development of its white-label stablecoin service. This comes as stablecoin legislation progresses in the U.S. Congress.
- Agora’s $50M Series A round was led by Paradigm and Dragonfly Capital to expand AUSD and launch a white-label stablecoin service.
- AUSD, Agora’s stablecoin, is now live on 13 blockchains, including Ethereum, Solana, and Polygon, and is backed by cash and U.S. Treasuries.
- The funding comes amid U.S. regulatory progress on stablecoins, including the GENIUS Act, signaling broader institutional adoption.
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