Crypto Billionaire Arthur Hayes Proposes Bitcoin-Based USD Stablecoin – How Would it Work?
Crypto billionaire Arthur Hayes has proposed a Bitcoin-backed stablecoin. The stablecoin's value would need help from exchanges to maintain its $1 peg. In a recent blog post, the former CEO of BitMex proposed the Satoshi...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
In a recent blog post, the former CEO of BitMex proposed the Satoshi Nakamoto Dollar, NakaDollar ($NUSD), which would rely upon derivatives exchanges that list liquid inverse perpetual swaps. This will allow the creation of a synthetic USD equivalent without using USD held in the fiat banking system....
Read More: Crypto Billionaire Arthur Hayes Proposes Bitcoin-Based USD Stablecoin – How Would it Work?
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 CryptonewsRelated market context
Kraken Adds Arbitrum Stablecoins As Exchanges Keep Chasing Cheaper Settlement Rails
Stablecoin listings can look routine until you pay attention to the chain. Kraken adding USDT0 and USDC.e support on Arbitrum is r...
After MiCA deadline, majority of Binance users sent funds to self-custody not other compliant exchanges
Binance says users in the European Union sent up to 70% of the funds they withdrew after July 1 to wallets they controlled themsel...
Why crypto traders are ranking prop firms alongside exchanges in 2026 — and how to find the best ones
In 2026 a third category has quietly entered that consideration set — proprietary trading firms. Increasingly, sophisticated trade...
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...
Solana Address Growth Story Needs Real Usage, Not Just Bigger Wallet Counts
Solana’s growth story is often told through speed, fees, and developer momentum. Address growth adds another layer, but it needs t...
Solana non-USDC/USDT stablecoin supply surges 15x since January 2025
Solana's stablecoin growth signals increased network liquidity and adoption, potentially impacting SOL's market dynamics and futur...