Agora has raised $50 million in a Series A funding round, accelerating the development of its stablecoin platform.
Agora's Stablecoin Infrastructure
Agora, founded by Nick van Eck, Drake Evans, and Joe McGrady, has already deployed its native stablecoin AUSD across multiple major blockchains, including Ethereum, Solana, and Avalanche.
New Opportunities for Clients
Agora introduced a new white-label product allowing clients to quickly and easily launch their branded stablecoins, leveraging institutional assets and integration with financial ecosystems.
Regulatory Changes and Prospects
The funding coincides with significant legislative changes in the U.S., including the passage of the GENIUS Act, which establishes clear rules for the issuance and trading of stablecoins.
Thus, Agora's successful funding highlights the importance of stablecoins and the company's growth potential amid changing regulatory standards.
