Exclusive: Stablecoin startup Agora raises $50 million Series A led by crypto VC giant Paradigm

On Thursday, Agora became the latest stablecoin company to attract the attention of deep-pocketed venture investors, as the crypto startup announced a $50 million investment led by the blockchain-focused VC firm Paradigm.

Cofounded by Nick van Eck—son of the prominent investment management CEO Jan van Eck—along with crypto veterans Drake Evans and Joe McGrady, Agora is competing in an increasingly crowded space dominated by rivals including Circle and Tether.

But with the new funding...