AUSD Launch: How Agora Aims to Revolutionize Stablecoins

• Agora CEO Nick van Eck claims that yield-bearing stablecoins are not stablecoins or money.
• Van Eck points out the challenges of yield-bearing stablecoins and introduces AUSD as a solution.
• The CEO hails Agora’s AUSD as a Stablecoin 3.0 that can strengthen the whole industry.

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.

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 USDT is one of the best example…

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