Stablecoin startup Agora has completed a $50 million Series A funding round, with Paradigm leading the investment.
BlockBeats News, July 10th, according to Fortune magazine, stablecoin startup Agora has completed a $50 million Series A funding round, led by Paradigm.
Reportedly, Agora hopes to use this funding to drive the development of its native stablecoin, AUSD. AUSD is a cryptocurrency pegged to assets such as the US dollar. Agora also provides white-label services, allowing other companies to launch their own branded versions of AUSD, while benefiting from the stablecoin's interoperability and liquidity advantages.
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