A stablecoin called NakaDollar, which is independent of fiat currencies and the banking system, was presented by the former CEO of BitMEX to address increasing stablecoin concerns.
Arthur Hayes has ideas
Authorities are closely inspecting fiat-based stablecoins connected to the USD. U.S. financial regulators are questioning the value and applicability of assets tied to the USD and are examining stablecoin issuers like Paxos.
Поранешен извршен директор на BitMEX Артур Хејс, and founder of the 100x Group, presented an answer to the stablecoin ecosystem’s предизвици: reliance on fiat currencies such as the USD and the banking sector.
Хејс се залагаше the Satoshi Nakamoto Dollar (NakaDollar), a brand-new stablecoin that only uses Bitcoin and BTC/USD Inverse practical swaps on centralized derivatives markets.
1 NUSD = $1 of bitcoin + short 1 bitcoin / USD Inverse perpetual swap
As a result, there is no longer any need for banking or fiat cash, which propels the crypto industry toward a Bitcoin-native resolution to present problems.
Hayes picked a period when the crypto-friendly Silvergate bank decided to liquidate voluntarily. Since many bitcoin firms departed the financial institution, the bank is looking for ways to strengthen its liquidity.
Source: https://crypto.news/bitmex-co-founder-arthur-hayes-suggests-new-approach-to-stablecoins/