Stablecoin infrastructure firm Agora has announced raising $50 million in a Series A funding round. This round was led by Paradigm, with participation from Dragonfly Capital.
Funding Goals
According to the announcement, the funding will support the expansion of Agora’s AUSD ecosystem and the rollout of a white-label product that lets companies launch their own stablecoins in days. The Agora platform is currently live across 13 blockchains, including Ethereum, Solana, and Arbitrum.
Launch of White-Label Product
Alongside the fundraising, Agora announced the formal launch of its white-label stablecoin product. This turnkey solution provides partners with full-stack services such as regulatory compliance, liquidity management, CEX and DEX integrations.
Current Clients and Growing Interest in Stablecoins
Clients already utilizing Agora's platform include VanEck, Flowdesk, Conduit, and Plume. Recently, Galaxy completed an over-the-counter trade using AUSD, marking a step toward broader adoption in institutional finance amid growing global interest in stablecoin adoption.
In summary, Agora continues to develop its infrastructure for stablecoins and plans to expand its services both domestically and internationally.