Agora, a stablecoin company, has raised $50 million in a Series A funding round led by Dragonfly Capital, the firm announced on July 11, 2025. The capital will be used to accelerate the development of its full-stack stablecoin infrastructure designed to support the next generation of decentralized finance applications.
Agora and the AUSD Stablecoin
Agora is the issuer of AUSD, a stablecoin that stands out from centralized counterparts by sharing the revenue generated from the underlying reserve assets with its partners. This incentive model encourages commercial partners to adopt and integrate the solution. Despite its relatively modest market cap of $150 million in a multi-billion-dollar stablecoin landscape, AUSD has garnered attention for its unique approach.
Whitelabel Platform for Third-Party Issuance
The company recently launched a whitelabel platform that simplifies the process of issuing, managing, and operating stablecoins for third parties. According to Agora, “No need to manage complex infrastructure, secure banking relationships, liquidity, or build from scratch – Agora handles it all. We were long believers that to truly build a platform you needed to start with building the network.” This platform lowers the entry barrier for financial institutions and enterprises looking to deploy their own stablecoin solutions quickly.
Focus on Non-U.S. Markets
Agora has deliberately chosen to concentrate its efforts outside the United States. Co-founder Jan Van Eck explained that many financial institutions outside the U.S. are moving more aggressively on stablecoins due to factors like high inflation and cross-border payment needs. “A lot of different financial institutions outside of the U.S., I would say, are looking more aggressively and will be quicker to move than some of the companies in the U.S.,” Van Eck said. He added that many U.S. firms are still in the discussion phase, treating stablecoins as a topic du jour.
The Series A round was led by Dragonfly Capital, a prominent crypto-focused venture firm that also backed Agora in earlier stages. Agora previously launched its AUSD stablecoin natively on the Sui blockchain. With fresh funding, the company plans to expand its partner network and accelerate the global adoption of its stablecoin ecosystem, offering a viable alternative for regions seeking reliable digital dollar-pegged assets.