Agora Raises $50 Million to Develop Stablecoins
Date: 2025-07-14 Author: Henry Casey Categories: BUSINESS
Agora has raised a massive $50 million Series A round led by Paradigm and Dragonfly Capital. The funds are being used to develop the AUSD stablecoin and create a platform that allows other companies to launch their own branded stablecoins using Agora's technology.
Co-founder Drake Evans noted that the profits from AUSD reserves are distributed among partners, emphasizing the idea that stablecoins should serve the public interest, and not just be a tool for making a profit. This vision sets Agora apart from many players in the market that are focused solely on the commercial component.
The company actively cooperates with Polygon and other projects in the crypto space, helping them launch customized tokens in the field of decentralized finance (DeFi). In the near future, Agora plans to expand interaction with traditional companies outside the blockchain sphere, especially in regions where national currencies are unstable. This will help businesses adapt to financial risks and take advantage of stablecoins.
Paradigm fund partner Charlie Noyes described AUSD as a “full-featured stablecoin,” noting that Agora’s solutions are attractive to companies looking to avoid the high costs and time of developing their own stablecoin from scratch.
It is worth adding that Paradigm has already led a Series A funding round for another startup, Kuru Labs, which raised $11.5 million. This confirms the fund’s activity in supporting innovative projects in the crypto industry.
Thus, Agora reaches a new level of development, offering partners innovative tools and contributing to the growth of the stablecoin ecosystem, which can become an important financial instrument in the global economy.
