BitMEX co-founder Arthur Hayes proposes Bitcoin-based stablecoin
The proposed stablecoin, the Satoshi Nakamoto Dollar, aims to be entirely free from any movements of the U.S. dollar, which require banking services.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The proposed stablecoin, the Satoshi Nakamoto Dollar, aims to be entirely free from any movements of the U.S. dollar, which require banking services.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Bolivia Is Considering Adding Tether's USDT Stablecoin to National Payments System: Report
South American nation Bolivia is considering the use of the largest dollar-backed stablecoin, USDT, per a local report.
Lawson Brings Stablecoin Payments to Stores in Japan’s First POS Trial, Eyeing 14,697 Locations
Key Takeaways: Lawson to implement Japan’s first POS-integrated stablecoin payment trial with JPYC. The pilot begins at a convenie...
Stablecoins are moving more money while crypto’s cash pile gets smaller
Adjusted stablecoin transaction volume reached a record $1.79 trillion in June, according to Visa Onchain Analytics, up 63% from M...
Combating Illicit Flows: Thailand Implements Strict New Checks on High-Volume Stablecoin Trades
The institution announced that this measure targets the country’s shadow economy, which accounted for nearly 41% of its GDP by 201...
New Bitcoin mine proposed in Mississippi could lower energy bills, but the math is murky
The proposed Bitcoin mine in Mississippi highlights potential regulatory challenges and economic impacts on local energy consumers...
Convenience Store Giant Lawson Tests JPYC Stablecoin Payments in Japan’s First POS Retail Pilot
Lawson plans to pilot JPYC stablecoin payments at a Tokyo convenience store in August, marking what it says is Japan’s first POS-l...