Agora

Stablecoin

2024

<ul class="news-points"> 
 <li><strong>Agora CEO Nick van Eck claims that yield-bearing stablecoins are not stablecoins or money.</strong></li> 
 <li><strong>Van Eck points out the challenges of yield-bearing stablecoins and introduces AUSD as a solution.</strong></li> 
 <li><strong>The CEO hails Agora’s AUSD as a Stablecoin 3.0 that can strengthen the whole industry.</strong></li> 
</ul> 
<p>Nick van Eck, the CEO of the stablecoin issuer firm Agora, recently shared insights on “yield-bearing stablecoins,” stating that they are “not money or stablecoins.” To be clearer, van Eck asserted that stablecoin issuers that offer a passive income to holders deviate from the core mission of stablecoins.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">“Yield-bearing stablecoins” are not money or stablecoins. <br><br>Stablecoins are already a $150 billion market and settle $10T annually. We see them growing to $3T by 2030. “Yield-bearing stablecoins” are not part of this market.<br><br>At <a href="https://twitter.com/AgoraDollar?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@AgoraDollar</a>, we believe that digital dollars are…</p>— Nick van Eck (@Nick_van_Eck) <a href="https://twitter.com/Nick_van_Eck/status/1795169324816269331?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">May 27, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Elaborating on the matter, van Eck drew attention to the evolution of stablecoins from Stablecoin 1.0 to Stablecoin 2.0. He noted that Bitfinex and Tether were the first to introduce centralized digital dollars. While <a href="https://coinedition.com/kraken-backtracks-on-delisting-usdt-in-europe-to-prioritize-users-preference/">USDT</a> is one of the best example…</p>
<p>The post <a href="https://coinedition.com/ausd-launch-how-agora-aims-to-revolutionize-stablecoins/">AUSD Launch: How Agora Aims to Revolutionize Stablecoins</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

AUSD Launch: How Agora Aims to Revolutionize Stablecoins

Coin Edition

Other articles published on May 28, 2024

MoonBag Coin Orbits Around $3.5M Liquidity on Listing as Slothana and Dogecoin Struggle to find C...

YouTube's Co-Founder Steve Chen Announces the Memecoin Project He Supports!

Finding bemo: Your ultimate app for staking on the TON Blockchain

The approval of Ethereum ETFs is going to change everything!

Riding the Crypto Wave: UNI, BONK, and NOT – Top 3 Altcoins Set to Surge This Week

Argentina Now Looks to El Salvador for Bitcoin Adoption Strategy

Join our free newsletter for daily crypto updates!