“We, the crypto faithful, have the tools and the organisations needed to support $1 trillion or more worth of NakaUSD outstanding,” Hayes wrote Thursday. “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.
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- Source: https://www.coindesk.com/tech/2023/03/09/arthur-hayes-proposes-bitcoin-backed-nakadollar-which-would-rely-on-exchanges-to-maintain-dollar-peg/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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