Agora has successfully raised $50 million in a Series A funding round led by crypto venture firm Paradigm, with additional backing from Dragonfly Capital.
This fresh capital injection will accelerate the rollout of Agora’s comprehensive stablecoin infrastructure and the launch of a white-label product enabling enterprises to issue branded stablecoins without managing underlying infrastructure.
We are thrilled to announce that Agora has raised a $50 million Series A round, led by @paradigm and with additional participation from @dragonfly_xyz. This milestone enables us to accelerate the development of Agora’s full-stack platform for stablecoin infrastructure,… pic.twitter.com/AtC4po2iSN
— Agora (@withAUSD) July 10, 2025
Founded by Nick van Eck, son of renowned fund manager Jan van Eck, and crypto veterans Drake Evans and Joe McGrady, Agora’s native stablecoin, AUSD, is already operational across multiple major blockchains, including Ethereum, Solana, Polygon, Avalanche, and Arbitrum. The platform serves prominent clients, including Nonco, Flowdesk, VanEck, Conduit, and Plume Network.
AUSD is fully backed 1:1 by cash, U.S. Treasury bills, and repurchase agreements held in segregated reserves administered by State Street and VanEck, ensuring stability and trust. While not yet available to U.S. customers, AUSD has gained significant traction internationally. Agora’s platform offers programmable digital dollars, providing developers and institutions with enhanced flexibility in issuing and managing stablecoins.
The timing of this funding round coincides with important regulatory developments in the United States. In June 2025, the Senate passed the GENIUS Act, establishing a clear framework for the issuance and trading of stablecoins. This legislative progress signals a potential pathway for broader stablecoin adoption domestically, reinforcing Agora’s strategic positioning.
Agora’s new white-label stablecoin product allows clients to launch their own branded stablecoins quickly and compliantly, leveraging Agora’s institutional-grade asset management and integration with both centralized and decentralized finance ecosystems. This turnkey solution supports zero-fee minting using USDT and USDC, enhancing liquidity and market competitiveness.
Notably, Stablecoins are gaining importance in blockchain payments, with major companies such as Mastercard, PayPal, Stripe, and Visa showing interest. Agora raised $50 million to enhance the scalability, security, and compliance of its platform, positioning itself as a leader in stablecoin innovation amid evolving global crypto regulations.
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