BitMEX co-founder Arthur Hayes proposes Bitcoin-based stablecoin

Amid america regulators more and more scrutinizing stablecoins, the group continues to pitch new concepts of stablecoins unbiased from the U.S. greenback.

Arthur Hayes, co-founder and former CEO of BitMEX cryptocurrency change, has proposed creating a brand new stablecoin with a worth pegged to the sum of $1 value of (BTC) and one inverse perpetual swap of BTC towards USD. He outlined the concept of the potential Satoshi Nakamoto Greenback (NUSD), or NakaDollar, in a weblog publish titled “Mud on Crust” on March 8.

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