Name: Arthur Hayes Proposes Bitcoin-Backed Stablecoin 'NakaDollar'
Uploaded: 2023-03-09T17:45:23.000Z
Duration: 7 min 22 s
Description: Arthur Hayes, a co-founder of crypto exchange BitMEX, has proposed NakaDollar (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 of the stablecoin market.

CoinDesk 20$2,106.002.69%Bitcoin$75,811.472.14%Ethereum$2,353.863.14%XRP$1.442.87%Solana$86.223.30%

Arthur Hayes Proposes Bitcoin-Backed Stablecoin 'NakaDollar' | CoinDesk Videos

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CoinDesk 20$2,106.002.69%Bitcoin$75,811.472.14%Ethereum$2,353.863.14%XRP$1.442.87%Solana$86.223.30%

Arthur Hayes Proposes Bitcoin-Backed Stablecoin 'NakaDollar' | CoinDesk Videos