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COMPANY detail
AGORA Money and Payments for Internet Markets
AGORA
Company Overview.
Year Founded
2024
Status
Private
Specialties
Stablecoin, Infrastructure, Payment Infra
Company Size
11-50 Employees
Industry
Financial Services
Location
British Virgin Islands
Description.
Agora Finance is a stablecoin infrastructure company founded in 2024 by Nick van Eck (CEO, son of VanEck CEO Jan van Eck), Drake Evans (CTO, formerly Head of Lending at Frax Finance), and Joe McGrady (COO, formerly Director of Operations at Galaxy Digital). The company has raised $62 million total ($12M seed led by Dragonfly in April 2024, $50M Series A led by Paradigm in July 2025) and manages AUSD, a fiat-backed stablecoin with over 200 million in circulating supply, deployed across 15+ networks with $45B+ in asset transfer volume and 17M+ transfers. Agora's institutional-grade infrastructure is backed by State Street for custody and VanEck for asset management, serving fintechs, trading firms, and global enterprises seeking stablecoin utility for cross-border payments and enterprise payments.
Key Infrastructure.
USDS Stablecoin
USDS is the next-generation cross-chain stablecoin (successor to DAI) deployed on Ethereum and Solana, designed for yield generation and DeFi-native utility. USDS is backed by diversified collateral including crypto assets and real-world assets, maintaining a $9.86 billion+ supply.
White Label Stablecoins
Launch your own stablecoin in a day with AUSD infrastructure. Partners gain access to institutional-grade custodians, significant onchain liquidity, robust dashboard analytics, global compliance architecture, CEX and DEX integrations, local FX on/off ramps, zero fees when minting with USDC/USDT, and full yield control for the partner business.
Instant Liquidity
Enables users to atomically mint AUSD against USDC and USDT, providing a leap forward in interoperability between digital dollars and other stablecoins. Instant Liquidity positions AUSD as an instant gateway to the global tokenized economy with 24/7 redemption and swap capabilities.
Institutional Reserve Management
AUSD is backed by Agora's Reserves managed by VanEck (asset management) and custodied by State Street. The reserve fund is composed of cash, overnight repurchase and reverse repurchase agreements, and short-term U.S. Treasury securities, providing institutional-grade backing transparency.
Cross-Chain Infrastructure
AUSD is deployed across 15+ blockchain networks using LayerZero's OFT standard, enabling unified liquidity across networks including Ethereum, Solana, Avalanche, Polygon, and more. This enables seamless asset transfers and interoperability between previously isolated liquidity silos.
Compliance Architecture
Forward-thinking global compliance architecture with built-in KYC/AML for institutional partners. Agora handles licensing, compliance, and monitoring for white-label partners, enabling rapid market entry with regulatory confidence.
Additional Features.
Partner Dashboard
Robust analytics dashboard providing all data needed for stablecoin management, including transfer volumes, network activity, and compliance monitoring.
LayerZero OFT Standard
AUSD adopted LayerZero's OFT standard to connect deployments across all networks, starting with Monad, turning isolated liquidity into a unified network.
Local FX On/Off Ramps
Global local currency on and off ramps enabling seamless conversion between local fiat and AUSD for enterprise customers worldwide.
Enterprise Payments Focus
Agora CEO Nick van Eck focuses on enterprise payroll, B2B payments, and cross-border payments as the primary growth vectors for stablecoin adoption.
Zero-Fee Minting
Zero fees when minting AUSD with USDC or USDT, reducing friction for enterprise adoption and liquidity provision.
Credibly Neutral
Agora does not compete with end customers, focusing purely on infrastructure provision rather than end-user products.
GENERAL Questions.
What does this company do?
Agora Finance provides stablecoin infrastructure including AUSD (a fiat-backed digital dollar), white-label stablecoin services, and instant liquidity products for financial institutions and enterprises seeking stablecoin utility.
Who are their main clients?
Financial institutions, fintechs, trading firms, and global enterprises seeking enterprise payments, cross-border payments, and B2B payment solutions using stablecoins.
Are they licensed?
Agora's stablecoin issuer is based in the British Virgin Islands. The parent company is incorporated in Delaware. They focus on non-US markets pending US stablecoin legislation.
What blockchains/stablecoins supported?
AUSD is deployed across 15+ networks including Ethereum, Solana, Avalanche, Polygon, and more via LayerZero OFT standard.
