Agora CEO Nick van Eck emphasizes the need to classify stablecoins into four distinct categories, reflecting their diverse structures and user bases. He argues that treating all stablecoins as the same fails to acknowledge the unique functionalities and intended use cases of each type. Van Eck identifies these categories as traditional stablecoins, centralized stablecoins that focus on specific markets, and decentralized stablecoins, including innovative projects like Ethena. He notes that Agora's target audience primarily consists of newcomers to cryptocurrency rather than seasoned investors. Van Eck envisions AUSD being traded widely with global liquidity and sees potential for stablecoin legislation to positively impact the industry. Although he remains skeptical about the future of yield-bearing stablecoins due to regulatory concerns, he confirms that Agora's model operates on a one-to-one basis without native yields, prioritizing a straightforward approach to stablecoin offerings among businesses.

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