Core Contributor @withAUSD | prev General Catalyst
May 27 • 11 tweets • 5 min read
“Yield-bearing stablecoins” are not money or stablecoins.
Stablecoins are already a $150 billion market and settle $10T 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 going to take over the world, starting with the Eurodollar market. Our own AUSD’s model will be the dominant form in the world by 2030.
Keep reading to learn more about our model with AUSD and the start of Stablecoin 3.0. Coming to Eth Mainnet in June:👇
Eventually, all other currencies will be digitized too, and FX trading will predominantly occur on-chain. As these on-chain dollars proliferate, businesses will demand payment coins and will look to partner with issuers who share their economics.
Businesses, such as exchanges, trading firms, and applications, are the ones who drive utility and liquidity to these payment tokens network. Agora solves this issue and pays the most important pieces of the monetary network: your business. 🤝