According to BlockBeats, on June 19, stablecoin startup Agora received investment from Ethereum Layer 2 solution Linea, but the specific amount has not been announced yet.
BlockBeats previously reported that Agora announced in April 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 backed by cash, U.S. Treasuries and overnight repurchase agreements.
