On June 19, according to crypto-fundraising data, stablecoin distribution company Agora received investment from Ethereum Layer 2 solution Linea, the specific amount has not been announced yet. Previously reported, Agora announced the completion of a $12 million seed round in April this year, led by Dragonfly, with participation from General Catalyst and Robot Ventures. Agora will issue stablecoins backed by cash, U.S. Treasury bonds and overnight repurchase agreements.