#Agora Stablecoin Enters Emerging Markets#

Agora stablecoin founder Nick van Eck believes that stablecoins are a key solution to address financial instability in emerging markets. He points out that in countries like Argentina and India, people can use stablecoins to save money and avoid the effects of inflation and capital controls. Agora's flagship stablecoin product, AUSD, focuses on addressing the unique challenges faced by these countries, providing them with a stable unit of account and facilitating wealth preservation, lending, and other financial services. van Eck highlights the immense potential of stablecoins in Asia and Southeast Asia, particularly in regions with limited financial service channels and volatile local currencies. He believes that stablecoins can bridge the gap left by inadequate traditional banking services, providing dollar-based financial tools for those who lack access to traditional banking. Despite regulatory hurdles being a major obstacle, van Eck is confident about the future of stablecoins, believing they will become mainstream for cross-border payments and B2B transactions, driving the growth of on-chain foreign exchange trading. Agora's focus is entirely on markets outside the US, particularly Southeast Asia, as the region has a younger, underbanked population that is constantly seeking more competitive financial services. van Eck believes that stablecoins will become an integral part of the financial system in emerging markets, bringing more opportunities and convenience to people in these regions.