Stablecoin issuer Agora receives investment from Linea
According to crypto-fundraising data, stablecoin issuer Agora received investment from Ethereum Layer 2 solution Linea, with the specific amount currently undisclosed. Additionally, Linea also invested in Tomo, ZeroLend, MYX.Finance, Entangle, and CARV. Previously reported, Agora announced in April of this year that it had completed a $12 million seed round of financing, led by Dragonfly with participation from General Catalyst and Robot Ventures. Agora will issue stablecoins supported by cash, US Treasury bonds, and overnight repurchase agreements.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Polychain and B2C2 deposited 5,700 ETH and 6,540 ETH respectively to exchanges in the past 24 hours
US spot Ethereum ETF had a net outflow of $14.2 million yesterday
South Korean lawmakers propose tighter regulations on speculative cryptocurrency chatrooms
Grok launches first version of Grok Studio, including code execution and Google Drive support
Trending news
MoreCrypto prices
More
