BitMEX former CEO Arthur Hayes has proposed a new stablecoin that will be backed by Bitcoin (BTC) and its derivatives.
Hayes posted on the BitMEX official website on March 8, 1 dollar bitcoin fixed a new stablecoin came up with the idea. former CEO, satoshi Nakamoto Dollar (NUSD or NakaDollar) any stablecoin named dollar reserve by will not be supported Only perpetual futures bitcoin derivatives listing to the stock markets He said he would be bound.
Hayes, Ethereum (ETH) on the blockchain ERC-20 token with USD and BTC derivatives of NUSD, which is planned as counter positions In this way, it will be kept at a constant of 1 dollar. operational in processes dollar transactions and traditional financial institutions need won’t stay expressed. In this way, more NUSD low Stating that it will have transaction commissions, Hayes said that NUSD will still have cannot be decentralized told. The former CEO made the following statements on the subject:
One of NUSD’s weak points will be centralized crypto derivatives exchanges. We need to exclude decentralized derivatives exchanges because unfortunately they are not liquid enough.
Hayes also said that users NUSD’s first to liquidity injection contribute find and under the management to include a decentralized autonomous organization (DAO) He stated that the establishment of the DAO members still ERC-20 based governance token NAKA voting with that you can join former CEO who underlined from futures derivatives proceeds to the DAO transfer of He said it might make sense.