Agora Raises $50M Series A Led by Paradigm to Expand Stablecoin Platform

Stablecoin platform Agora has secured $50 million in a Series A funding round led by crypto venture firm Paradigm, with additional support from Dragonfly Capital. The fresh capital aims to accelerate the rollout of Agora’s all-in-one system for issuing and managing stablecoins, as well as to launch a new white-label product for enterprises.

The funding arrives as US regulators advance stablecoin legislation, with the recent passage of the GENIUS Act establishing a framework for issuance and trading. Agora’s AUSD stablecoin operates across multiple blockchains and serves major clients, positioning the firm at the forefront of institutional adoption.

"This milestone enables us to accelerate the development of Agora’s full-stack platform for stablecoin infrastructure, purpose-built to support the next generation of digital finance applications," the firm stated. Co-founded by Nick van Eck and crypto veterans Drake Evans and Joe McGrady, Agora is poised to capitalize on growing regulatory clarity.