CMC News

Agora Raises $50 Million To Expand #Stablecoin Infrastructure Platform

Paradigm and Dragonfly Capital lead Series A funding for stablecoin platform Agora.

The company operates the $AUSD stablecoin across 13 blockchains, including #Ethereum, #Solana, and #Polygon.

Funding will support white-labeled stablecoin services for enterprises launching branded digital dollars.

Co-founder Nick van Eck says brands can launch compliant stablecoins in days rather than months.

$AUSD is backed by cash, U.S. Treasury bills, and repurchase agreements, but is unavailable to U.S. customers.

The platform serves clients including VanEck, Flowdesk, and Conduit with shared liquidity infrastructure.

Agora is pursuing licensing compliance while preparing for potential U.S. stablecoin legislation passage.

Major financial players like Visa, Mastercard, and PayPal are driving renewed #stablecoin adoption trends.