Agora Raises $50 Million to Accelerate Stablecoin Infrastructure Development
Agora has secured $50 million in a Series A funding round led by Dragonfly, marking a significant step forward for its stablecoin initiative. The capital injection will accelerate infrastructure development tailored for decentralized finance applications, particularly in stablecoin issuance and management.
Stablecoins continue gaining traction as bridges between traditional finance and crypto ecosystems. Agora's solution aims to address growing institutional demand for compliant, scalable frameworks in this sector—a market projected to exceed $2.8 trillion by 2028 according to Bernstein analysts.