Stablecoin adoption is still 3 to 4 years away: van Eck
Agora’s Nick van Eck says stablecoin adoption will ramp up after an education period
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Agora CEO and co-founder Nick van Eck is pretty realistic about where the space stands right now.
Clearly, there are plenty of reasons to maintain a bullish attitude. But he cautioned folks to rethink the time horizons when it comes to adoption.
The CFOs and CEOs of large US corporations aren’t necessarily aware of the developments in crypto, even when it comes to something like stablecoins. Van Eck believes we’re looking at a much longer time horizon for adoption — three to four years — versus the optimistic outlook of one to two years.
Van Eck told me he’s having plenty of conversations with folks in the TradFi space — including some of the largest hedge funds in the US — and that there’s still a lack of understanding when it comes to the role that stablecoins play.
“We live in our own bubble in crypto…We think everything that’s going on…everyone else in the world is aware of [it], right?” But that’s not the case.
The real curve we have to tackle is educational. We’re in the early innings here, and that’s the big hurdle now that the regulatory picture is so much better for crypto.
However, once people understand, van Eck is pretty bullish on the stablecoin sector taking off in four to ten years.
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