Agora CEO: “Yield-based Stablecoins” are not currencies or stablecoins
Nick van Eck, CEO of stablecoin issuer Agora, believes that stablecoin issuers who provide passive income to holders are neglecting the core mission of stablecoins. These companies should focus on utility, liquidity, and means of exchange in order to benefit individuals and businesses as much as possible. Interest-bearing stablecoins provide a new dimension for DeFi users seeking to earn interest, but van Eck notes that such products may be classified as securities in many countries, limiting their customer base. This not only deprives your customers, but also your liquidity providers, suppliers, and higher utility limits. Your product cannot be freely traded. Financial services companies outside the United States that are regulated are unlikely to use your product because it brings risk without providing sufficient returns.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Analytics Company Provides Technical Analysis for Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) – What Are They Expecting?
Cryptocurrency analysis company MarktQuant shared its expectations for Bitcoin and some altcoins in its statement.
BREAKING: SEC Sued Two Cryptocurrency Companies! Here are the Details – It’s Related to One of the Most Popular Stablecoins
Ethereum Users Face Higher Fees as Onchain Transaction Costs Rise相关文章
MTT Sports Shines at Token 2049: Play and Earn BTC相关文章