Bitcoin (BTC) And altcoinprominent with his analyzes and explanations on the Arthur Hayes, co-founder of BitMEX Now he has come up with a different suggestion.
Noting that the US’s scrutiny of stablecoins has increased, Arthur Hayes said that a US dollar-independent stablecoin made a suggestion.
Presenting his idea in a blog post titled “Dust on Crust,” Hayes proposed creating a new stablecoin with a value of $1 USD pegged to Bitcoin.
In this context, Hayes proposed his project. Satoshi Nakamoto Dollar (NUSD) or NakaDollar described as.
Clarifying this idea, Hayes is among the largest stablecoins. Tether (USDT) And USD Coin (USDC) He suggested that NakaDollar be tied to derivatives exchanges that only list liquid inverse perpetual swaps, not any USD reserve, as opposed to stablecoins such as US dollar pegged stablecoins.
Stating that the NakaDollar stablecoin creation process will be completely independent of USD movements that require the services of banks, the former BitMEX founder added that the proposed NUSD stablecoin will not be decentralized.
“Our goal here is to create a token that is worth 1 USD but does not require the services of the fiat banking system.
The goal is not to create a decentralized fiat currency. I think what we need is a mechanism that allows you to lock in 1 USD worth of crypto to get a 1 USD stablecoin.”
Finally, Hayes has replaced an AND dollar-pegged stablecoin with a new BTC He argued that there should be a focused stablecoin.
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