Arthur Hayes, co-founder of crypto exchange BitMEX, has proposed a stablecoin backed by bitcoin (BTC) and bitcoin derivatives called the NakaDollar. BitMEX Acting CEO and Group Chief Financial Officer Stephan Lutz reacts to the proposal, saying, "Arthur's idea is a natural one."
Arthur Hayes a co founder of crypto exchange Bit MEX has proposed Naka Dollar NUSD a stablecoin backed by bitcoin BTC and bitcoin derivatives which would theoretically be deeply liquid and attractive to traders and provide stability if accepted and used by investors and crypto exchanges The Hash panel discusses the proposal and the future [...]