Stablecoin issuer Agora receives investment from Linea

According to crypto-fundraising data, stablecoin issuer Agora received investment from Ethereum Layer 2 solution Linea, with the specific amount currently undisclosed. Additionally, Linea also invested in Tomo, ZeroLend, MYX.Finance, Entangle, and CARV. Previously reported, Agora announced in April of 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 supported by cash, US Treasury bonds, and overnight repurchase agreements.