Agora, a stablecoin platform, has announced the successful conclusion of a $50 million Series A funding round, spearheaded by Paradigm, a prominent crypto venture firm, with additional backing from Dragonfly Capital.
Key Highlights:
Agora has raised $50 million in a Series A round to enhance its stablecoin platform.
This funding coincides with advancements in U.S. regulatory measures regarding stablecoins, marked by the recent passage of the GENIUS Act.
The firm offers its AUSD stablecoin across multiple blockchains and caters to several high-profile clients.
The newly acquired funds will be utilized to expedite the launch of Agora’s comprehensive system for creating and managing stablecoins. Additionally, the company plans to introduce a white-label product that will enable enterprises to generate their own branded stablecoins without needing to manage the underlying infrastructure.
“This milestone allows us to fast-track the development of Agora’s full-stack platform for stablecoin infrastructure, uniquely designed to bolster the next wave of digital finance applications,” the company stated via their social media platform X.
Funding Announcement Aligns with U.S. Regulatory Progress
The funding news emerges during a period of increasing regulatory activity in the United States.
In June, the Senate approved the GENIUS Act, creating a framework for stablecoin issuance and trading—a move likely to pave the way for wider acceptance of stablecoins across the nation.
Agora was established by Nick van Eck, the son of renowned investment manager Jan van Eck, alongside industry veterans Drake Evans and Joe McGrady.
This latest funding round follows a seed round raised in April 2024, which brought in $12 million. Agora’s AUSD stablecoin is currently operational across various blockchains, including Ethereum, Solana, Polygon, Avalanche, and Arbitrum.
The platform serves an impressive roster of clients, such as Nonco, Flowdesk, VanEck, Conduit, and Plume Network.
AUSD is backed by cash, U.S. Treasury bills, and repurchase agreements, although it has not yet been released for U.S. customers. Nevertheless, it has already made significant strides internationally.
The platform provides developers and organizations with programmable digital dollars, enhancing the flexibility involved in stablecoin issuance and management.
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
As major financial institutions like Visa, Mastercard, Stripe, and PayPal renew their interest, stablecoins are increasingly recognized as pivotal instruments for blockchain-based payments and settlements.
Prospects for Growth in the Stablecoin Market
On Wednesday, Ripple CEO Brad Garlinghouse stated that the stablecoin market is on the brink of substantial growth, predicting that its current valuation of $250 billion could surge to $2 trillion in the coming years.
“Many believe it will reach between $1 and $2 trillion within a few years,” Garlinghouse mentioned, adding that Ripple stands to gain from this path.
Stablecoins have emerged as one of the standout successes within the cryptocurrency realm, capturing the interest of both corporate giants and regulatory bodies.
Reports indicating that major corporations, including Amazon and Walmart, are investigating stablecoin payment options have resulted in noteworthy shifts within traditional finance, even temporarily elevating stablecoin transaction volumes above those of Visa in 2024.
Frank Combay of Next Generation emphasized that regulatory clarity, particularly with Europe’s MiCA framework, has opened doors for growth in the stablecoin market by eliminating significant uncertainties.
He believes that stablecoin ecosystems can dramatically reduce transaction costs by over 90%, making them increasingly appealing to both consumers and businesses.
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