Hayes, the former CEO and co-founder of cryptocurrency exchange BitMEX, has proposed a $1 Bitcoin (BTC) pegged stablecoin.
Various ideas for stablecoin problems, which have been increasing rapidly in recent days, continue to come. Hayes, one of the co-founders of BitMEX, presented the idea to create a new stablecoin pegged to $1 USD and BTC pegged to the ongoing situation. Stablecoin issues, especially after the BUSD crisis, have forced crypto investors to come up with various ideas. Hayes offers plans for the future of stablecoins along with his proposed idea.
Continuing Ideas to Create a New Stablecoin
The successive stablecoin problems have caused concern among crypto investors. BUSD, the stablecoin of the world’s most popular crypto exchange Binance, has greatly triggered ongoing stablecoin issues. After these events happened in a chain, new suggestions started to come from many individuals and companies.
Hayes’ proposed new plan for stablecoins, the “Satoshi Nakamoto Dollar”, plans to be completely free from the banking services of the USD. Hayes, along with his statements, emphasizes that stablecoins that can be created should be BTC-oriented.
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