Nick van Eck
@Nick_van_Eck
Modern money and banking for global business💸
CEO and Co-Founder @withAUSD
929 Following 8.9K Followers
For a show built around the people building the next generation of finance, @mcagney was the perfect debut.
Hard to listen to his story about shipping v0 of @HelloNavra without grasping the structural cost and efficiency advantage AI-native finance teams will have.
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A lot of the stablecoin adoption from banks, fintechs etc. making headlines right now has been in the works for years.
As @withAUSD's post below highlights my thoughts on it: it's all about repetition and building trust.
Hear me talk about this & more on Agora Quickfire here!
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Trust in a stablecoin isn't built by headlines. It's built by repetition.
@jacqmelinek, Founder of @StrataMedia_ and Co-host of @CryptoAmerica_, on why banks and fintechs are already using stablecoins behind the scenes.
Check out the Agora Quickfire 👇
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We're building private credit partnerships across industries. Credit providers need distribution and real-time data, while their clients need modern money and banking.
Agora is the connective tissue.
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Capital in private credit doesn’t move in a straight line. It waits for deals to fill, comes back between loans, & sits in reserve for redemptions
@tenkafinance is bringing AUSD into tkUSD & selected Deal Vaults so that money settles in 1 digital dollar; first bid -> next buyer
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Citrini says crypto now has fundamentals. Kobeissi lays out a bear-market thesis. Then: CoreWeave's credit, the Bitcoin miners that pivoted, and Anthropic's rating. Bits + Bips at 4:30pm ET with John D’Agostino and @Nick_van_Eck .
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High quality guests, strong opinions, and a ton of fun.
@HadickM and I will be bringing on incredible operators this year. Grateful the @thestablecon team asked us to host.
🎙️A new season. A new duo. Money Code Season 2 welcomes @HadickM and @Nick_van_Eck as your new hosts.
Rob is a General Partner at @dragonfly, investing across stablecoins, payments and financial infrastructure. He previously helped build GoldenTree’s digital asset strategy, with earlier roles at Goldman Sachs and PJT Partners.
Nick is the CEO and Co-founder of @withAUSD, a modern money and banking platform. A former Partner at General Catalyst, he’s gone from backing software and blockchain companies to building one.
On Money Code, they’ll speak with founders, operators, allocators and policymakers about stablecoins, tokenized assets and AI.
What’s ready for adoption? Where are the investment opportunities? What still needs to be built?
Insights to help you make better build, buy, partner and investment decisions.
What would you ask an investor and a stablecoin founder?
Episode 1 is coming soon. Subscribe to Money Code wherever you get your podcasts.
Presented by @thestablecon.
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Banks or issuers: who wins the next five years?
Former CFTC Chairman @giancarloMKTS says both, but the banks still fighting tokenization will be the ones left behind.
Agora Quickfire 👇
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Fiat mints on Agora are now automatic. Your wire arrives, and we match it, run our checks, and mint.
AUSD hits your wallet within minutes.
SF builders 👇
Our CTO @drakeevans is at @paradigm Frontiers this week.
If you’re building stablecoin infrastructure, payments, or onchain developer tooling, he’d like to meet you!
Agora powers modern money and banking for global businesses. Tech, telco’s, payments, energy, and more.
I’ll be at @money2020 next week meeting with customers upgrading their global treasury and payment stack @withAUSD.
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Drake Evans thinks stablecoins will replace local foreign currencies and grow into a $10T market
"I think it's all money. Foreign currencies are at almost more risk than eurodollars, because eurodollars means you have access to dollars offshore in some capacity. But what's really interesting is the fact that I think stablecoins will replace local foreign currencies. That's one of the trends we're going to see in the next little bit, governments being like, wait a minute, I'm losing my sovereignty because I no longer have a central bank that can actually function because everyone's just adopting stablecoins and what's interesting is there's not a lot they can do about it. You can ban the apps, you can do this, but at the end of the day, the internet's the internet."
"It's how big is all money globally? That to me is where the stablecoin opportunity is. So I don't know, $10 trillion in 2028? Who knows?"
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Drake Evans says the middle of the software stack is about to get wiped out by AI, and that the survivors will be the companies close to the metal.
"Being close to the metal means the fundamental building blocks."
"The stuff that can't be built or replicated by software or AI."
"The middle of the stack is going to get eaten."
"The defensible layer is the one AI can't just rebuild."
@drakeevans @withAUSD
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September updates from the Agora team.
A 🧵
In less than 24 hours I'm heading to Singapore for @monad OPEN Oct 6. I'll be speaking about the current wave of Stablecoin Regulation and what it means for all of onchain finance.
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Agora is bringing global businesses onchain. Millions of existing users and billions in flow.
Stablecoins will eat the world and we’re just getting started.
Operators built the networks the digital economy runs on and now they need a payment that moves as fast as they do.
USDi, built with @buildoniris and issued by Agora, starts with @vivabo in Bolivia. Read more about why we're excited.
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Agora is the one venue for all your stablecoin needs.
Wallets, payments, FX, stables, treasury management. Soon.
🚨 Ep. 102 of @TokenizedPod: OCC Bank Charters Will Usher Stablecoin Adoption Wave
@sytaylor & @cuysheffield are joined by:
👉 @nick_van_eck, Co-Founder & CEO, @withAUSD
👉 @shivsiroya, Founder & CEO, @talamobile
To discuss:
🏛️ Agora OCC charter enables U.S. stablecoin banking one stop shop
👀 Tala sees credit access as missing stablecoin adoption layer
🌍 EU MiCA reserve rules and multi-jurisdiction stablecoin restrictions
🌐 Local currency stablecoins, yield, and emerging market borrowing preferences
💳 SoFi moves $25 billion card program to seven day stablecoin settlement
⛓️ and NYSE explore 24/7 tokenized stocks and ETFs
📊 24/7 tokenized stock trading faces liquidity and NAV challenges
🤖 Tokenized assets as collateral and underwriting AI agents
🇬🇧 UK banks test interbank tokenized deposits for 24/7 settlement
🏦 Tokenized deposits and stablecoins as complementary banking infrastructure
***
Timestamps:
00:00 Introduction
03:15 Agora OCC charter enables U.S. stablecoin banking one stop shop
07:57 Tala sees credit access as missing stablecoin adoption layer
14:11 EU MiCA reserve rules and multi-jurisdiction stablecoin restrictions
24:07 Local currency stablecoins, yield, and emerging market borrowing preferences
25:06 SoFi moves $25 billion card program to seven day stablecoin settlement
33:28 and NYSE explore 24/7 tokenized stocks and ETFs
39:05 24/7 tokenized stock trading faces liquidity and NAV challenges
41:47 Tokenized assets as collateral and underwriting AI agents
44:48 UK banks test interbank tokenized deposits for 24/7 settlement
49:09 Tokenized deposits and stablecoins as complementary banking infrastructure
***
👉𝘚𝘦𝘢𝘳𝘤𝘩 '𝘛𝘰𝘬𝘦𝘯𝘪𝘻𝘦𝘥 𝘗𝘰𝘥𝘤𝘢𝘴𝘵' 𝘖𝘯 𝘠𝘰𝘶𝘛𝘶𝘣𝘦. 𝘈𝘱𝘱𝘭𝘦, 𝘚𝘱𝘰𝘵𝘪𝘧𝘺 𝘰𝘳 𝘢𝘯𝘺 𝘗𝘰𝘥𝘤𝘢𝘴𝘵 𝘗𝘭𝘢𝘺𝘦𝘳! 👈
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We are at the precipice of exponential growth in stablecoin adoption.
Sole companies and products will double the ‘25 B2B volume w/ GENIUS going live. Invigorating to be catalyzing some new + frontier applications for stables.
The onchain finance era is here!
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The Agora team is heading to SIBOS this year.
If you’re in town and are exploring integrating stablecoins into your business let us know!
Agora is heading to @Sibos in Miami. We're powering modern money for global businesses, and we'll be on the ground connecting with the folks building the future of institutional finance onchain. If you're around, let's link up!
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Open-source models drive time and cost efficiencies + enable data protection/IP preservation.
Is the next great wave of on-prem here?
So I know Cognition doesn’t care about Little Ole’ Me, and this is just my story, so take it with a grain of salt, but here’s why I don’t think all these crazy scaling revenue numbers by coding agents are going to stick:
We’ve been happy Devin users for a while. Really like the product, and like the company. Still do! This isn’t shade at Cognition, and I’m not upset with them, just a sample of why I worry about the competitive landscape for these cos.
Anyway, our usage grew to >$100k run rate or so. I think one or two of our users even received an email congratulating them for being Top 200 users of Devin.
As usage grew, we added more capabilities and needed a BAA (layman’s terms: an agreement that says they are HIPAA compliant). This required an Enterprise contract (why a piece of paper requires extra money is a topic for another discussion, but it’s very normal…) so we started talking to their sales team.
Basically, we were going to ~1.5x our spend in order to get the BAA. Honestly, that was fine with us. We like Devin!
Our only request was to pay quarterly (already a big concession from our existing monthly payments, given our relatively small size). They declined, unless we committed to EVEN MORE usage.
Before responding, I decided to see how difficult it would be to set up Hermes to do the equivalent work as Devin, and to see what the costs were. I’d host it in our infrastructure and only use providers we already have a BAA with.
Two days.
That’s it. It’s functionally 100% equivalent. Maybe slightly better in some ways, slightly worse in others. We spend a little bit of time futzing with it, but we did that with Devin, too.
The cost is roughly 25% of Devin.
So, two days for $100k or so per year savings. All because they didn’t want us to pay quarterly.
At some point, other companies are going to catch onto this, too. So congrats on this milestone, but keep finding more ways to provide value and keep customers happy. It’s hard to compete.
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REGULATION EVERYWHERE | NEW MICROSOFT COPILOT | COSIGN
A new kind of enterprise is building on Agora: telecom operators.
Iris just launched with a $43M commitment from Balesia Group, and VIVA, a licensed mobile operator with 25+ years in Bolivia and a growing footprint in Mexico, is the first carrier live on the network. 2M+ users.
This isn't a single-use integration either. VIVA is using Agora-powered infrastructure for stablecoin issuance and wallet operations for the telecom teams.
"The broader bet is that carriers can capture more of the economics generated by infrastructure they have spent decades building. Telecom operators bring something financial apps often spend heavily trying to build: customers, verified identities and distribution.
That can be particularly powerful in emerging markets."
Enterprises are now coming to Agora to build their platforms, we are a one stop shop for enterprise stablecoin adoption. Many enterprises have not interacted with stablecoins before and Agora provides a regulated, seamless experience for minting/redeeming and sending/receiving funds in our platform.
Iris' debut is a signal of where the market is growing: beyond fintechs and crypto-native companies, but operators with real infrastructure, real customers, and real balance sheets looking for new revenue models.
You'll see Jules on stage with the Viva and Rakuten team today. A preview of the next partner? A lot more coming here, this is just Day 0!!
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