Agora

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.

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

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

• Stablecoin infrastructure
• Digital dollar issuance
• White-label stablecoins
• Cross-chain payments
• Blockchain financial infrastructure

Headquarters

HQ city

Jersey City

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. 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.
2. 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.
3. Instant Liquidity Fees: Fees for atomic minting of AUSD against USDC and USDT, positioning AUSD as gateway to tokenized economy.
4. 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

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core 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

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature6 records

Partnerships

16 partnerships are on record, tiered core, supporting and major.

• VanEckcoreOthersInstitutional 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 StreetcoreOthersMajor custodian bank holding Agora's reserves, providing bankruptcy remoteness and institutional-grade custody for the reserve assets backing AUSD.
• LayerZero LabscoreTechnology or IntegrationIntegrated 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 LLPcoreOthersThird-party accounting firm providing monthly attestation of Agora's reserves according to AICPA standards, ensuring transparency and institutional trust.
• AvalanchesupportingTechnology or IntegrationAUSD deployed on Avalanche C-chain. Avalanche listed as trusted partner on Agora's homepage with founding participation in Avalanche Payments Collective.
• SolanasupportingTechnology or IntegrationAUSD deployed on Solana blockchain using Token2022 standards. Solana Foundation and ecosystem projects recognized as partners on Agora's homepage.
• Franklin TempletonsupportingOthersFounding participant in Avalanche Payments Collective alongside Agora, Paxos, Ethena, and Rain, supporting flows to over 150 countries.
• PaxossupportingOthersFounding participant in Avalanche Payments Collective alongside Agora, Franklin Templeton, Ethena, and Rain.
• ValosmajorStrategic or Co-development PartnerLaunched first real-time verified credit vault on Monad with $100M initial allocation using AUSD-denominated yields. Settled $113M institutional credit.
• AccountablemajorTechnology or IntegrationBuilt Data Verification Network for Valos credit vault. Enables real-time on-chain verification of loan deployments and borrower financial health for AUSD-denominated yields.
• FireblocksmajorTechnology or IntegrationIntegrated AUSD into Fireblocks' agentic payment suite, enabling fintech and PSP integrations for stablecoin payments.
• PolygonsupportingTechnology or IntegrationAUSD deployed on Polygon PoS. Listed as trusted partner on Agora's homepage.
• GalaxysupportingTechnology or IntegrationMajor crypto financial services firm listed as partner on Agora's homepage, indicating ecosystem collaboration.
• ConduitsupportingTechnology or IntegrationInfrastructure provider listed as partner on Agora's homepage ecosystem section.
• NoncosupportingTechnology or IntegrationListed as trusted partner on Agora's homepage.
• SpheresupportingTechnology or IntegrationListed as trusted partner on Agora's homepage ecosystem.

Scale indicators12 records

Recent moves7 records

Expansion highlights6 records

Emerging 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

• Xx.com/AgoraDollar
• GitHubgithub.com/agora-finance/agora-dollar-evm
• LinkedInlinkedin.com/company/agorafinance

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds2 records

Investors12 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Agora