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TechFlow News, according to Bloomberg, stablecoin issuer Agora has announced the completion of a $12 million seed funding round led by Dragonfly, with participation from General Catalyst, Robot Ventures, and others.
Agora was co-founded by Van Eck, along with cryptocurrency veterans Drake Evans and Joe McGrady. The company’s stablecoin is backed by cash, U.S. Treasury securities, and overnight repurchase agreements.
According to Bloomberg, stablecoin issuer Agora announced it has raised $12 million in seed funding, led by Dragonfly, with participation from General Catalyst and Robot Ventures. Agora was co-founded by Van Eck, along with crypto veterans Drake Evans and Joe McGrady. The company's stablecoin is backed by cash, U.S. Treasuries, and overnight repurchase agreements.
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