Wormhole reposted this
A lot of people ask me.. does crypto really have any use cases? 😅 The answer is yes. And one of the leading use cases or "killer apps" if you will, is stablecoins. Stablecoins provide the following: - Instant Settlement - 24/7 Money Movement - Low Transaction Costs - Financial Freedom (Extend financial freedom and freedom to transact to those who are most vulnerable) - U.S. Economic Tech (one of the largest holders of U.S. Fed Government Debt) - U.S. Defense Tech (cements the U.S. Dollars Global Reserve Status.) As an industry we scaled throughput to support more users using blockchain technology ("coming onchain"). However, in doing so.. we created another problem. Liquidity Fragmentation. Lot's of different versions of the same asset. Imagine having to choose between multiple "USDs" and when you go to pay at a store they say, "ooo sorry, we only except the xyzUSD". For real adoption to happen, the above should not be the reality. The following talk is an overview of how Nick van Eck is approaching crypto's killer app, stablecoins with Agora and how Wormhole superpower's adoption buy providing access to all blockchains and reducing liquidity fragmentation. A lot of people talk about mass adoption, but this is taking action to build the tools needed for it.