Agora CEO: In the next decade, we will see most cross-border payments turn to stablecoins

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 move to stablecoins instead of using Swift as the current banking system does. You will also see a lot of foreign exchange transactions settled on the chain. We are very happy to play an important role in these two growth markets." Nick van Eck also said that the main obstacle facing stablecoins in achieving widespread adoption is regulation. Enterprises are keen to use stablecoins because they are cost-effective and fast, but they need clarity on the legal and compliance framework, such as knowing who is a licensed provider. Stablecoins have gained attention in the crypto-native field, 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 mass adoption."