“We, the crypto faithful, have the tools and the organizations needed to support $1 trillion or more worth of NakaUSD outstanding,” Hayes wrote Thursday in a BitMEX blog post. “If this solution were embraced by traders and exchanges, it would lead to a large growth in bitcoin derivatives open interest, which would in turn create deep liquidity.
Arthur Hayes Proposes Bitcoin-Backed Stablecoin Called NakaDollar
