Emerging stablecoin issuer Agora has raised $12 million in a seed funding round led by Dragonfly to launch their upcoming stablecoin.
The funding marks a significant step for Agora as it prepares to launch its USD-pegged stablecoin, the AUSD, and gain a foothold in the highly competitive stablecoin market.
Dragonfly Spearheads Funding Round
Agora, co-founded by Jan Van Eck’s son Nick Van Eck, managed to secure the seed investment through a funding round led by Dragonfly and support from Robot Ventures and General Catalyst. The initiative was co-founded by Drake Evans and Joe McGrady. Agora announced the news on the official X handle, stating,
“We are thrilled to announce that we have raised a $12 million Seed round led by @dragonfly_xyz. Agora is building next-generation payments and asset infrastructure for the transmission of value on blockchain-based rails.”
Nick Van Eck, the co-founder and CEO of Agora, stated,
“We’ve been thrilled to see the market
We współpracy z: https://cryptodaily.co.uk/2024/04/agora-raises-12m-in-seed-funding-round-led-by-dragonfly
