Stablecoin Startup Agora Raises $50 Million in Series A Funding Led by Paradigm

According to Jinse Finance, stablecoin startup Agora has announced the completion of a $50 million Series A funding round, led by Paradigm. The company previously raised $12 million in a seed round last year. Following this round of financing, Agora aims to develop its own stablecoin, AUSD, a cryptocurrency pegged to the US dollar and other underlying assets.