Stablecoin startup Agora has completed a $50 million Series A funding round led by crypto venture capital firm Paradigm, with participation from Dragonfly Capital. Agora, operating under the ticker @withAUSD, provides white-label stablecoin issuance services based on its stablecoin AUSD, which offers users a dollar-pegged asset to mitigate volatility. The company aims to power the next wave of digital finance with its full-stack stablecoin infrastructure, having built deep on-chain liquidity across multiple platforms over the past year. In a related development, Dakota, a crypto-native banking platform enabling secure USD transfers and crypto transactions without relying on traditional banks, raised $12.5 million in a Series A round led by CoinFund, with additional investments from Digital Currency Group, 6th Man Ventures, and Triton. Dakota was founded by a former Coinbase executive and focuses on integrating bank accounts with stablecoin-powered payments to bridge traditional banking and crypto finance.
Dakota $12.5M Series A Round⚡️ 📑 About: @dakota_xyz is a crypto-native banking platform enabling secure USD transfers and crypto transactions without a traditional bank. 🤝 Investors: @coinfund_io (Lead), @DCGco, @6thManVentures, and @triton_xyz 👉 https://t.co/GsZfQSH2Yu https://t.co/c98T7tn9Hf
[FORTUNE] Exclusive: Former Coinbase exec raises $12.5 million for Dakota, a stablecoin-powered neobank $COIN
The old world of traditional banking is quickly converging with the new world of crypto finance. @dakota_xyz sits at this intersection by delivering a seamless, integrated client experience with integrated bank accounts and stablecoin-powered payments. @coinfund_io is excited to