Agora, a stablecoin issuance platform, has secured $50M in a Series A funding co-led by Paradigm and Dragonfly Capital. This funding round is expected to accelerate Agora’s mission of making white-label stablecoin issuance accessible and efficient for businesses worldwide.
For those keeping track, this latest funding brings the total of Agora’s funding rounds to $62M, following the $12M seed round led by Dragonfly in 2024. The success of the series A funding round, which took place barely seven months after the seed round, has demonstrated investors faith in Agora’s unique approach to the stablecoin market.
What is White Label Stablecoin Infrastructure Anyway?
Let’s break this down using something we can easily relate to. Imagine you want to sell branded t-shirts, and someone suggests two ways to go about this:
- The first one (the hard way) is to go to the market, source and buy materials, and either sew them yourself or employ someone to do it; design the print you intend to use; print it on the t-shirt yourself or contract it to someone; and then, when it’s done, buy a packaging material and package it yourself.
The entire process for this is very tedious, super expensive, and time-consuming before the finished product can be gotten.
- The easy way is to go to a company that is centered on carrying out all the production steps, from start to finish. All you have to do is tell them what you want, from the material to the stitching, design, and packaging.
They do all the hard work, and all you have to do is pick up your products and sell them.
White-label stablecoin is the easy way for companies that want to create their own stablecoins. A stablecoin is a type of cryptocurrency designed to have a stable value, similar to the normal real-world currency like the US dollar.
Possessing the infrastructure of the stablecoin allows Agora to build the blockchain and smart contracts needed to create and manage a white-label stablecoin, secure ways to ensure the stablecoin is backed by real assets, and help their clients put their brand on the stablecoin.
What Sets Agora Apart
The stablecoin market is a competitive one dominated by already established players like Tether (USDT) and Circle (USDC), both boasting multi-billion-dollar market caps. Agora, with its current AUSD market cap of $128.8 million, aims to carve out its niche by offering a fundamentally different model.
“We believe every financial institution will eventually issue their own stablecoin,” said Nick van Eck, Agora CEO. “But not everyone needs to reinvent the wheel. Our platform allows partners to launch compliant, scalable, and secure stablecoins quickly without managing all the back-end complexities.”
Co-founded by Nick van Eck, Drake Evans, and Joe McGrady, Agora emphasizes interoperability, yield-sharing, and network effects. Unlike many existing stablecoins where the yield generated is retained by the issuer, Agora plans to share a significant portion of this yield with its partners.
Agora isn’t just offering a service; they are building an ecosystem where other companies can easily launch their own stablecoins, benefit financially from them, and connect seamlessly with other digital currencies.
Infrastructure, Not Hype
Agora securing $50 million in its Series A funding round is not just a vote of confidence in its mission by investors. It is a bet on the future of Agora stepping in as the go-to provider of white-label stablecoin infrastructure.
As stablecoins gain popularity, institutions will want dependable, scalable partners. And Agora is well-positioned to be a cornerstone of the next wave of digital currency usage.
