Agora
Agora operates a digital finance infrastructure platform built around AUSD, an institutional-grade USD-backed stablecoin deployed across 15+ blockchains, serving financial institutions, fintechs, trading firms, and global enterprises with stablecoin issuance, white-label infrastructure, and cross-border payment solutions.
- Company typePrivate
- Founded2024
- HeadquartersJersey City, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Agora does
Agora is a digital finance infrastructure company operating an institutional-grade stablecoin platform centered on its AUSD (Agora Dollar) token. Founded in 2024 and headquartered in Jersey City, USA, with primary regulatory licensing in Bermuda, the company targets financial institutions, fintechs, trading firms, and global enterprises that require compliant stablecoin rails for cross-border payments, settlement, treasury management, and liquidity operations. Across nearly two years of operation, AUSD has processed $45B+ in cumulative transfer volume across 17M+ transfers and currently maintains a circulating supply of 200M+ tokens held by 35,000+ unique wallets.
AUSD is issued 1:1 against USD fiat, with reserves managed by VanEck and custodied at State Street, supported by monthly third-party attestations from Grant Thornton LLP under AICPA standards. The token is deployed as ERC-20 on Ethereum and other EVM chains (with EIP-712, ERC-1271, ERC-2612, and ERC-3009 extensions) and as a Token2022 standard on Solana. Cross-chain interoperability is achieved through LayerZero's OFT standard, connecting AUSD across 15+ networks including Avalanche, Polygon, Base, Arbitrum, Monad, and Mantle. Around the core token, Agora offers white-labeled stablecoin issuance on an ERC4626 vault architecture with an Open Reward Model, instant liquidity via atomic minting against USDC and USDT, fixed-price Agora Stable Swaps, and a Public API (beta) for programmatic access to supply metrics and authenticated mint/redeem routes.
Agora monetizes through transaction fees on mint/redeem operations, white-label platform usage, and instant liquidity services, with pricing conducted via custom enterprise quotes rather than public list rates. The company has raised $62M total across a $12M seed round in April 2024 led by Dragonfly and a $50M Series A in July 2025 led by Paradigm, with additional participation from General Catalyst and Robot Ventures. In April 2026, Agora filed for an OCC National Trust Bank charter to expand operations into the US market under a unified federal framework.
Agora firmographics
Firmographics- Name
- Agora
- Legal name
- Agora Finance
- Website
- https://agora.finance
- Company type
- Private
- Founded year
- 2024
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Agora operates a digital finance infrastructure platform built around AUSD, an institutional-grade USD-backed stablecoin deployed across 15+ blockchains, serving financial institutions, fintechs, trading firms, and global enterprises with stablecoin issuance, white-label infrastructure, and cross-border payment solutions.
- Ownership category
- akta.pro rank
Agora industry classification
Industry- Product category
- Stablecoin Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities and Commodity Exchanges (52321)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Stablecoin Issuers (Fiat-Backed) (FSADADAA)
- akta.pro secondary industries
- Stablecoin Payment Rails & Settlement Networks (Issuer-Led) (FSADADAF), Mint/Redeem, Issuance APIs & Treasury Operations Platforms (FSADADAE), Stablecoins & On-Chain Money (fiat-backed, crypto-backed, algorithmic; issuance/redemption) (FSAPAEAB)
Keywords
Where Agora is headquartered
LocationHeadquarters
- HQ city
- Jersey City
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Agora business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Stablecoin Issuance Fees: Revenue generated from minting and redeeming AUSD stablecoin. Enterprises and institutions pay fees for converting fiat to digital dollars and vice versa.
- White-Label Stablecoin Platform: Enterprises can launch branded stablecoins on Agora's infrastructure. Revenue from transaction fees on white-labeled tokens, with Open Reward Model distributing interest income back to token issuers based on market cap.
- Instant Liquidity Fees: Fees for atomic minting of AUSD against USDC and USDT, positioning AUSD as gateway to tokenized economy.
- Settlement and Treasury Infrastructure: Future revenue from settlement infrastructure, treasury management, and fiat connectivity services for global businesses under the National Trust Bank charter.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom enterprise pricing |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
Agora product offering
Product offeringCore offering
Agora issues AUSD, a digital dollar stablecoin minted 1:1 with USD fiat and backed 100% by reserves of cash, overnight repurchase agreements, and short-term U.S. Treasuries managed by VanEck and custodied at State Street. Around AUSD, the company offers a white-label stablecoin platform built on ERC4626 vaults, an Instant Liquidity feature for atomic AUSD minting against USDC and USDT, Agora Stable Swaps for fixed-price stablecoin/RWA swaps, and a public API for real-time metrics and route operations.
Product overview
Agora is a digital finance infrastructure company offering a platform of stablecoin and financial operating system products. The core product is AUSD, a 1:1 USD-backed digital dollar stablecoin, which serves as the foundational asset powering the ecosystem. Around AUSD, Agora offers white-labeled stablecoin infrastructure for enterprises, instant liquidity for atomic stablecoin swaps, and Agora Stable Swaps for fixed-price token exchanges. The platform operates across 15+ active networks with $45B+ in asset transfer volume and $200M+ in circulating supply. The ecosystem includes a public API for developers to integrate AUSD metrics and operations.
Differentiator
Problem solved
Functional benefit
Products and services
- AUSD (Agora Dollar) A digital dollar stablecoin minted 1:1 with USD fiat, backed 100% by Agora's Reserves composed of cash, overnight repurchase agreements, and short-term U.S. Treasury securities managed by VanEck and custodied at State Street. Issued as an ERC-20 token on EVM chains and via Token2022 on Solana, and connected across 15+ networks via LayerZero's OFT standard.
- White-labeled Stablecoins
Quantifiable outcome
- 355% year-over-year transfer volume growth to $20B+ in Q1 2026
- +3 more outcomes
Companies that use Agora
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles4 records
Agora technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature6 records
Agora partnerships and signals
Strategic signalPartnerships
16 partnerships are on record, tiered core, supporting and major.
- VanEckcoreInstitutional asset manager managing Agora's Reserve Fund composed of cash, overnight repos, and short-term U.S. Treasuries. Integral to AUSD's institutional-grade positioning.
- State StreetcoreMajor custodian bank holding Agora's reserves, providing bankruptcy remoteness and institutional-grade custody for the reserve assets backing AUSD.
- LayerZero LabscoreIntegrated LayerZero's OFT standard to connect AUSD across 150+ blockchains, enabling unified liquidity network with zero slippage cross-chain transfers and native composability.
- Grant Thornton LLPcoreThird-party accounting firm providing monthly attestation of Agora's reserves according to AICPA standards, ensuring transparency and institutional trust.
- AvalanchesupportingAUSD deployed on Avalanche C-chain. Avalanche listed as trusted partner on Agora's homepage with founding participation in Avalanche Payments Collective.
- SolanasupportingAUSD deployed on Solana blockchain using Token2022 standards. Solana Foundation and ecosystem projects recognized as partners on Agora's homepage.
- Franklin TempletonsupportingFounding participant in Avalanche Payments Collective alongside Agora, Paxos, Ethena, and Rain, supporting flows to over 150 countries.
- PaxossupportingFounding participant in Avalanche Payments Collective alongside Agora, Franklin Templeton, Ethena, and Rain.
- ValosmajorLaunched first real-time verified credit vault on Monad with $100M initial allocation using AUSD-denominated yields. Settled $113M institutional credit.
- AccountablemajorBuilt Data Verification Network for Valos credit vault. Enables real-time on-chain verification of loan deployments and borrower financial health for AUSD-denominated yields.
- FireblocksmajorIntegrated AUSD into Fireblocks' agentic payment suite, enabling fintech and PSP integrations for stablecoin payments.
- PolygonsupportingAUSD deployed on Polygon PoS. Listed as trusted partner on Agora's homepage.
- GalaxysupportingMajor crypto financial services firm listed as partner on Agora's homepage, indicating ecosystem collaboration.
- ConduitsupportingInfrastructure provider listed as partner on Agora's homepage ecosystem section.
- NoncosupportingListed as trusted partner on Agora's homepage.
- SpheresupportingListed as trusted partner on Agora's homepage ecosystem.
Scale indicators12 records
Recent moves7 records
Expansion highlights6 records
Agora competitors and assessment
Company assessmentEmerging players
- Ethena Labs: Ethena issues USDe, a synthetic dollar stablecoin that has rapidly gained institutional adoption through its yield-generating mechanism. Competes with AUSD for institutional capital and stablecoin market share.
- Ondo Finance: Ondo issues USDY and offers tokenized US Treasuries exposure. Competes with Agora's white-label and yield-bearing offerings for institutional stablecoin use cases.
- Frax Finance: Frax issues frxUSD, an algorithmic-stable hybrid dollar stablecoin with cross-chain deployment. Competes in the multi-chain stablecoin liquidity space alongside AUSD.
Direct peers
- Sky (formerly MakerDAO): Sky/MakerDAO issues DAI and USDS, decentralized dollar stablecoins with similar cross-chain deployment and institutional adoption focus. Competes in the on-chain dollar liquidity space across multiple networks.
- Paxos: Paxos issues USDP (now PYUSD-related infrastructure), PAXG, and operates the Paxos-issued PayPal USD. Direct peer in regulated stablecoin issuance with similar institutional partnerships and white-label capabilities.
- Ripple: Ripple launched RLUSD, a regulated USD stablecoin, leveraging the company's banking relationships and institutional focus. Direct peer in the regulated, institutional-grade stablecoin issuance category.
- Circle: Circle issues USDC, the largest regulated US-dollar stablecoin by market share, with comparable institutional positioning and reserve management structure. Direct competitor in the fiat-backed stablecoin issuance market.
Broad incumbents
- PayPal: PayPal issues PYUSD through Paxos, positioning itself as a payments-focused stablecoin from a major fintech incumbent. Broader incumbent competing for payments and merchant use cases.
- Tether: Tether issues USDT, the largest stablecoin by market capitalization globally. While operating under a different regulatory framework, USDT competes directly with AUSD for liquidity, trading volume, and institutional adoption.
Others
- Fireblocks: Fireblocks is a digital asset custody and infrastructure platform that integrated AUSD into its agentic payment suite. Adjacent partner/infrastructure provider rather than direct competitor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Agora social profiles
Digital presenceAgora compliance and trust
Trust signalCompliance3 records
Agora financial estimates
Financial estimateRevenue estimate
Valuation estimate
Agora leadership team
Management profileNumber of profiles
Profiles4 records
Agora funding detail
Funding detailFunding overview
Funding rounds2 records
Investors12 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Agora M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Agora
What does Agora do?
Agora issues AUSD, a digital dollar stablecoin minted 1:1 with USD fiat and backed 100% by reserves of cash, overnight repurchase agreements, and short-term U.S. Treasuries managed by VanEck and custodied at State Street. Around AUSD, the company offers a white-label stablecoin platform built on ERC4626 vaults, an Instant Liquidity feature for atomic AUSD minting against USDC and USDT, Agora Stable Swaps for fixed-price stablecoin/RWA swaps, and a public API for real-time metrics and route operations.
Is Agora a public or private company?
Agora is a private company. It is classified as venture growth investor backed and is currently operating.
When was Agora founded?
Agora was founded in 2024. It employs 11 to 50 people.
Where is Agora based?
Agora is headquartered in Jersey City, United States, in the North America region.
How does Agora make money?
Four revenue lines are on record. Stablecoin Issuance Fees are the primary driver. The others are white-Label Stablecoin Platform, instant Liquidity Fees and settlement and Treasury Infrastructure.
Who are Agora's main competitors?
Emerging players on record are Ethena Labs, Ondo Finance and Frax Finance. Direct peers are Sky (formerly MakerDAO), Paxos, Ripple and Circle. Broad incumbents are PayPal and Tether. Fireblocks is listed as an others.
Does Agora have an API?
Yes. Agora Public API exposes real-time data and operations for the Agora stablecoin platform. The current surface covers: Metrics (real-time AUSD supply, aggregate and per-chain, across every supported chain. Public, no authentication required); Accounts (bank accounts and blockchain wallets registered to the organization); Routes (reusable mint and redeem routes for fiat ↔ AUSD and stablecoin ↔ AUSD). Base URL is https://api.agora.finance. Public supply endpoints require no authentication; Accounts and Routes are authenticated via API key exchanged for a short-lived (15-minute) session JWT. The API is currently in Beta. Developer documentation is at docs.agora.finance/api.
What industry is Agora in?
Agora's product category is Stablecoin Infrastructure. Its primary akta.pro industry code is FSADADAA, Stablecoin Issuers (Fiat-Backed), with a secondary code of FSADADAF, Stablecoin Payment Rails & Settlement Networks (Issuer-Led). Its NAICS code is 522320 and its SIC code is 6200.