Agora Raises $50M Series A, Adds Dragonfly Capital

Agora, a stablecoin platform co-founded by Nick van Eck, has raised $50 million in a Series A funding round co-led by Paradigm and Dragonfly Capital to expand its platform and launch a new white-labeled stablecoin product. The company enables businesses to issue branded stablecoins backed by cash and U.S. Treasurys via its AUSD infrastructure, offering partners a share of yield on reserves. Agora's white-label solution allows for rapid deployment, integrated asset management, CeFi/DeFi compatibility, and zero-fee minting using USDT and USDC. With a market cap of $130 million, Agora trails industry leaders Tether and Circle but aims to capitalize on increasing interest from fintechs and corporations. The company is closely monitoring U.S. regulatory developments such as the GENIUS Act, while prioritizing international growth due to regulatory uncertainty. The new funding comes amid growing venture interest and a changing regulatory environment for stablecoins.