According to ChainCatcher, according to crypto-fundraising data, stablecoin startup Agora has received investment from Ethereum Layer 2 solution Linea, but the specific amount has not yet been announced.

According to Web3 asset data platform RootData, 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.