According to ChainCatcher news, Nick van Eck, CEO and co-founder of stablecoin issuer Agora, stated in an interview with Coindesk that blockchain-based payment methods will surge in the next decade. He said, 'We will see most cross-border payments shift to stablecoins, rather than using the current banking system with Swift. You will also see a lot of forex trading settled on-chain. We are excited to play an important role in these two growing markets.'
Nick van Eck also stated that the main obstacle to the widespread adoption of stablecoins is regulation. Companies are eager to use stablecoins because they are cost-effective and fast, but they need a clear legal and compliance framework, such as knowing who the licensed providers are. Stablecoins have gained attention in the crypto-native space, but there is still untapped potential in traditional markets such as cross-border payments and B2B transactions. He said, 'I believe this is just the beginning of a twenty-year journey towards mass adoption.'