Arthur Hayes, the co-founder and former CEO of crypto exchange BitMEX, criticized both custodian and decentralized stablecoins and proposed a new stablecoin called the Satoshi Nakamoto Dollar, or NakaDollar (NUSD). Unlike existing stablecoins, NUSD would be supported only by Bitcoin.
Datachain, Mitsubishi UFJ Trust and Banking Corporation, and Soramitsu announced a technology alliance to enable smooth transfer and exchange of stablecoins to be issued in Japan.
Arthur Hayes, the co-founder and former CEO of crypto exchange BitMEX, criticized both custodian and decentralized stablecoins and proposed a new stablecoin called the Satoshi Nakamoto Dollar, or NakaDollar (NUSD). Unlike existing stablecoins, NUSD would be supported only by Bitcoin.
Datachain, Mitsubishi UFJ Trust and Banking Corporation, and Soramitsu announced a technology alliance to enable smooth transfer and exchange of stablecoins to be issued in Japan.
In a new report, Moody's analyzed the impact of the traditional banking system on stablecoins, as well as the possible tightening of regulation against the background of the recent banking crisis.
The WSJ released a report earlier in March accusing Tether of shady dealings, citing emails and records from 2018. In response to the WSJ's allegations, Tether published an official statement on their website.
