The Future of Stablecoins: Introduction of AUSD by Agora
Get ready for an evolution in the world of stablecoins as Nick van Eck, CEO of Agora, and the son of asset management giant VanEck, prepares to launch AUSD, a US dollar-pegged stablecoin on the Ethereum network this coming June. This introduction will bring about the concept of Stablecoin 3.0, aiming to revolutionize the digital dollar market for the better.
Stablecoin 3.0: How AUSD Plans to Address Challenges in Utility and Acceptance
- Agora has set its sights on making digital dollars the dominant global currency, starting with the Eurodollar market.
- Visionaries at Agora believe that their AUSD model will lead this transformation by 2030, with the stablecoin market projected to grow exponentially from $150 billion to $3 trillion.
- Van Eck highlights the evolution of stablecoins from Tether (USDT) to the era of USDC and BUSD, emphasizing the need for a new approach.
- Stablecoin 2.0 issuers faced challenges due to yield-bearing stablecoins being classified as securities, creating limitations in utility, acceptance, and liquidity.
Benefits of Stablecoin 3.0
- AUSD aims to align economic interests with businesses, offering recurring revenue and growth opportunities.
- Businesses will be compensated for contributing to the ecosystem by listing tokens, providing liquidity, marketing, and accepting AUSD.
Revenue-Sharing Model
- Agora’s revenue-sharing model allows businesses to reinvest in development, marketing, security, and user acquisition, creating a mutually beneficial ecosystem.
- Individual holders of AUSD do not directly receive any yield but businesses driving liquidity and utility will be compensated.
Stablecoin Backing and Funding
AUSD will be fully backed by cash, US Treasury bills, and overnight repurchase agreements, ensuring stability and trustworthiness. VanEck will manage funds for Agora’s reserves to maintain stability. In April, Agora successfully raised $12 million in a seed funding round led by Dragonfly, a digital-asset venture firm, with participation from General Catalyst and Robot Ventures.
The Future of Stablecoins: Are You Ready for Change?
Prepare for a shift in the stablecoin landscape with the upcoming launch of AUSD by Agora. Unlock new possibilities and opportunities in the digital dollar market as Stablecoin 3.0 takes center stage. Stay informed, stay ahead!
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