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We’re thinking about stablecoin classification all wrong, Agora CEO Nick van Eck told me. 

It’s easy to lump all of the stablecoins into one single bucket, but the reality is that the offerings are quickly becoming more unique and different as the space matures. 

A lot of stablecoins are “very different, and have very different user profiles,” which means they “ultimately don’t even end up competing.”

“Someone who is looking to use USDe as a form of collateral is 95% of the time probably not the same user of AUSD or USDC. Maybe they’ll use it for trading, but [if]… you…

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