Nick van Eck (@Nick_van_Eck) on X (original) (raw)

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  Today,
  @withAUSD
  filed its application for Agora National Trust Bank with the Office of the Comptroller of the Currency. Securing this charter would enable Agora to operate in the United States under a unified federal framework and expand its product suite beyond stablecoin
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  Just got out of a meeting where we discussed moving 500M−500M-500M−1B in monthly cross-border flows to stables. Stablecoins are a going to vampire liquidity from the correspondent banking system. 100x improvement. The efficiency gains in capital markets are going to be glorious.
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  Replying to @johnhfio
  40 years of interest rates going down and ballooning the federal debt levels. Generational pump and dump
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  Applications with millions of users are choosing to build on the
  @withAUSD
  stack! They’re choosing to build on the Agora stack because of liquidity, security, and utility we offer out of the box for custom stablecoins. Agora: - institutional grade custodians, overseeing $
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  Please stop using the term stablecoin to refer to hedge funds and debt products with no rights, simply because they attempt to hold a peg near a dollar. Thank you for your attention to this matter!
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  Stripe has clearly gotten to the stage where they are comfortable “playing with fire.” Tempo is a clear shot across the bow that they are trying to build the next generation Visa network. There are many features here that make it a more practical network for businesses. The
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  Coinbase makes more money off USDC than Circle. And more money off Eth than Ethereum. *ducks* h/t
  @Austin_Federa
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  Proposal: Agora stablecoin infrastructure to power USDH with a coalition of best-in-class providers. Introduction If Hyperliquid relinquishes their canonical stablecoin to Stripe, a vertically integrated issuer with clear conflicts, what are we all even doing? Summary -
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  Pay to Play Much has been made about how parts of the crypto industry operate under a “pay to play” model. This is extractive, harms consumers, and creates opacity in markets. Seemingly, that “pay to play” nature has now permeated the regulated intersection of stablecoins and
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  Excited to have this milestone out in the open! We launched Agora to build the enterprise-first, stablecoin infrastructure company. We've long believed that stablecoins would eat traditional financial services and payment rails. A decade or two from now, there will be tens of
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  The crypto brain drain from legacy finance + payments businesses is very real. Dozens of friends + colleagues who were spearheading digital assets at Goldman, JPM, WorldPay, Visa, etc. have jumped into crypto-native startups the last 6 months because they can move the puck
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  .
  @ethena
  kicked off a new era for what I think is going to be one of the continued largest and fastest growing segments of crypto native businesses. I’m still tinkering with the best way to articulate this segment…yieldcoins, onchain asset management…don’t love any of
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  Agreed. We are in inning #1 of non-speculative crypto. Blockchain-based systems will eat payments and financial services over the next 20 years and dwarf what we’ve achieved to date. Taste of just the cross-border segment size 👇
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  “Yield-bearing stablecoins” are not money or stablecoins. Stablecoins are already a 150billionmarketandsettle150 billion market and settle 150billionmarketandsettle10T annually. We see them growing to $3T by 2030. “Yield-bearing stablecoins” are not part of this market. At
  @AgoraDollar
  , we believe that digital dollars are