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Arthur Hayes Proposes Bitcoin-Backed Stablecoin Called NakaDollar

The currency would rely on exchanges to maintain a peg to $1, the BitMEX co-founder said.

Updated Mar 9, 2023, 8:14 p.m. Published Mar 9, 2023, 11:36 a.m.
BitMEX co-founder Arthur Hayes has proposed NakaDollar (NUSD), a stablecoin backed by bitcoin and bitcoin derivatives.
BitMEX co-founder Arthur Hayes has proposed NakaDollar (NUSD), a stablecoin backed by bitcoin and bitcoin derivatives.