# Agora Finance — Overview

## Overview
Agora is a full-stack infrastructure platform for digital finance, specializing in stablecoins and money movement for institutional, enterprise, and fintech users.
Its mission is to enable money, payments, and banking to migrate onto blockchain networks—making financial transactions faster, more accessible, and cost-efficient globally.

Built for scale. Trusted for stability.

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## Core Products & Services

### AUSD – The Institutional-Grade Digital Dollar
- **Description:** AUSD is a stablecoin pegged 1:1 to USD fiat, built for institutional-grade reliability and global interoperability. Designed as an open, partner-first solution.
- **Backing:** Fully backed by Agora’s Reserve Fund, consisting of cash, short-term U.S. Treasury securities, and overnight repurchase/reverse repurchase agreements.
- **Custody & Administration:** Assets custodied by **State Street**, administered in a fund by **VanEck**.
- **Features:**
  - Available across **15 active blockchain networks** (e.g., Ethereum, Solana, Polygon).
  - 24/7 instant redemption and atomic swaps, **enabling liquidity and composability**.
  - Security and compliance: minting/burning controls, asset-freeze mechanisms.
- **Usage & Milestones (approximate):**
  - Part of a platform with **200M+ total circulating supply** of stablecoins.
  - Integrated into global money-movement and settlement flows for institutions, fintechs, and enterprises.
  - Over **50,000 active addresses per month** and growing.

### Instant Liquidity
- **Function:** Enables atomic minting/redemption between AUSD and other major stablecoins, such as USDC and USDT, offering flexible, frictionless liquidity across formats.

### White-Labeled Stablecoin Infrastructure
- **Offering:** A turnkey platform allowing exchanges, fintechs, DAOs, and global enterprises to issue their own branded stablecoins in days.
- **Value:** Branded stablecoins instantly benefit from AUSD's shared liquidity, infrastructure, and compliance framework.

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## Company Highlights

### Platform Scale & Key Metrics
(Approximate, headline metrics for the Agora platform — not promises or guarantees.)

- **Total circulating supply:** **200M+** (across AUSD and related stablecoin programs)
- **Active networks:** **15** blockchain networks
- **Asset transfer volume:** **45B+** in cumulative asset transfer volume
- **Transfers:** **17M+** total transfers processed
- **Clients & users:** 100+ business clients and ~55,000+ AUSD users

### Team & Leadership
- **Founders:**
  - **Nick van Eck** — CEO & Co-Founder; formerly of General Catalyst.
  - **Drake Evans** — CTO & Co-Founder; ex-Frax Finance engineering lead.
  - **Joe McGrady** — COO & Co-Founder; operations lead previously at **Galaxy Digital**.
- **Regional Leadership:**
  - **Patrick Chu** — Asia & Head of BD; ex Paradigm Head of Institutional, ex UOB Head of FX/eFX Trading.
  - **Doruk Ismen** — EMEA & Head of International Markets; ex-Bybit, ex-dYdX, ex-Scroll Country Lead.
  - **Facundo Werning** — Latin America; formerly Tether.

### Funding & Investors
- **Seed Round:** ~$12M raised in April 2024, led by Dragonfly, with participation from Wintermute, Galaxy Digital, Kraken Ventures, and others.
- **Series A:** $50M raised in mid-2025, led by Paradigm and Dragonfly. Also supported by other notable venture players.

### Transparency & Compliance
- Published monthly Management Reports detailing the composition and value of Agora’s Reserves.
- Compliance-first design across issuance, redemption, and on-chain controls.

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## Competitive Position & Strategy
- **Edge:** Institutional infrastructure, transparent reserves, compliance-first design, gas-optimized contracts, plus branded issuance capability.
- **Partners:** VanEck, State Street, Galaxy Digital.
- **Market Context:** In a stablecoin space dominated by giants that are integrating vertically and competing with current partners, Agora positions itself as a **neutral infrastructure provider, not competing with clients – credibly neutral**.

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## Summary
Agora Finance is building foundational infrastructure for the next generation of digital finance—anchored by its institutional-grade stablecoin (AUSD), liquidity rails, and a white-label platform; alongside revenue-sharing to partners. With strong backing, growing adoption, and a focus on compliance and partner alignment, Agora is a tier-1 player in the evolving global stablecoin ecosystem, currently supporting **200M+** in circulating supply across **15** networks, with **45B+** in asset transfer volume and **17M+** transfers processed.