Stablecoin startup Agora secures $50M investment led by Paradigm
Agora, founded by Nick van Eck, aims to boost adoption of its white-label stablecoin platform with $50 million from Paradigm and Dragonfly.
Stablecoin issuer Agora has raised $50 million in a Series A funding round led by crypto venture firm Paradigm. The investment sets the stage for Agora to expand its white-label stablecoin offering, AUSD, amid growing interest in dollar-backed digital assets.
Agora enables companies to launch their own branded stablecoins using AUSD’s underlying infrastructure, benefiting from shared liquidity and interoperability. The project is founded by Nick van Eck, son of VanEck CEO Jan van Eck, alongside crypto veterans Drake Evans and Joe McGrady.
“What we wanted to do is really something novel, which is start by building the network,” van Eck told Fortune. “We always had the view that we were going to do white-labeled issuance in a different way to how existing peers had done it.”