> Agora raised $50 million in funding, behind which lies the unfinished battle for the institutional stablecoin market.
Written by: ChandlerZ, Foresight News
On July 10, stablecoin company Agora announced the completion of a $50 million Series A funding round, led by the crypto venture capital firm Paradigm, with early investors like Dragonfly also participating. This funding round comes just a year after its seed round completed in 2024, which raised a total of $12 million, with investors including Foresight Ventures, Hack VC, Galaxy Digital, and others.
Currently, the stablecoin market is dominated by leading projects such as Tether and Circle, Ag