Agora Secures $50M Funding to Expand Stablecoin Infrastructure Amid US Regulatory Advances

Agora, a stablecoin infrastructure platform, has closed a $50 million Series A round led by Paradigm with participation from Dragonfly Capital. The funding will accelerate the expansion of its AUSD stablecoin ecosystem across 13 blockchains and launch white-label solutions for institutional clients.

The raise coincides with progressing US stablecoin legislation, including June's GENIUS Act that establishes federal oversight frameworks. "We believe stablecoins will underpin a new financial fabric—one that's faster, more global and more efficient than today's siloed systems," stated the founding team, which includes Jan van Eck's son Nick alongside crypto veterans Drake Evans and Joe McGrady.

The platform's 2023 debut introduced programmable digital dollar tools for developers, building on $12 million in prior seed funding. Industry observers note the timing aligns with growing institutional demand for compliant stablecoin solutions as Congress moves toward regulatory clarity.