Van Eck Scion Launches Stablecoin With Investment Firm’s Support – Bloomberg – CROCODOM.com

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Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
Nick Van Eck, son of investment management veteran Jan Van Eck, is making a bet on cryptocurrencies with the help of his namesake family business.
The former partner at General Catalyst is entering the competitive realm of stablecoins, which seek to provide users a haven from volatility by pegging themselves to other assets such as the dollar. Agora, a startup co-founded by Van Eck, and crypto veterans Drake Evans and Joe McGrady, raised $12 million in a seed funding round, led by digital-asset venture firm Dragonfly. The equity round also included investments from the likes of General Catalyst and Robot Ventures.

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