Paradigm Leads $50 Million Series A for Stablecoin Issuer Agora

Stablecoin developer Agora has raised $50 million in a Series A round led by venture capital firm Paradigm, with additional funding from Dragonfly, according to statements on 10 July.

The New York-based startup issues AUSD, a dollar-pegged stablecoin that it positions as a white-label product for partners seeking to launch their own branded tokens. Agora says its model allows issuers to share in the revenue generated by the underlying stablecoin while offering users protection from crypto-market volatility.

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