The Desk – How Banks Earn 5% On Your Cash and Pay You Zero with Nick van Eck
Nick van Eck, co-founder and CEO of Agora, joins Frank Chaparro and Slater Santer for the inaugural episode of The Desk to unpack how stablecoins are quietly overhauling global finance and disrupting traditional banking. Nick makes the case that traditional banks have shortchanged depositors for decades by offering near-zero checking rates while capturing the Fed funds rate overnight—causing static checking accounts to lose 40% of their purchasing power over twenty years. He breaks down how Agora's AUSD and stablecoin APIs allow embedded finance platforms and enterprise corporates to earn…
The skinny
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