Agora, a stablecoin platform, secured $50 million in a Series A funding round led by Paradigm, with Dragonfly Capital joining in. The funds will be used to scale Agora's services, particularly its programmable stablecoin AUSD, which operates across 13 different blockchains. The company aims to simplify the issuance and management of stablecoins, catering to businesses looking to launch their own branded digital currencies. This initiative comes amid increasing legislative activity around stablecoins in the U.S., with the Senate progressing a bill that establishes a framework for their use. Agora's founders, including Nick van Eck and veterans in the crypto space, emphasize the need for integrated solutions in the stablecoin industry. The new capital will also enhance Agora’s white-label offerings, enabling companies to create their own stablecoins without the complexities of infrastructure management, thereby facilitating a broader adoption of blockchain technology in finance.

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