Agora CEO: In the next ten years, we will see the majority of cross-border payments moving towards Stable Coin.

Golden Finance reported that Nick van Eck, CEO and co-founder of stablecoin issuer Agora, said in an interview with Coindesk that blockchain-based payment methods will surge in the next decade. He said, ‘We will see that most cross-border payments will shift to stablecoins instead of using Swift like the current banking system. You will also see a lot of forex trading on-chain settlements. We are excited to play an important role in these two rising markets’. Nick van Eck also said that the main obstacle stablecoins face in achieving widespread adoption is regulation. Enterprises are keen to use stablecoins because of their cost-effectiveness and speed, but they need clear legal and compliance frameworks, such as knowing who the licensed providers are. Stablecoins have attracted attention in the field of crypto-native, but there is still untapped potential in traditional markets such as cross-border payments and B2B transactions. He said, “I think this is just the beginning of a twenty-year journey to large-scale adoption”.