How Arthur Hayes is trying to create the first Bitcoin-pegged stablecoin

in #times • 2 years ago

Arthur Hayes, the CEO of bitcoin change BitMEX, is operating on a brand new stablecoin that he believes can be used as a bridge among fiat and cryptocurrency.

The new forex is being constructed at the equal protocol as Tether (USDT), which he believes might be the very best to combine into current exchanges. If successful, it may make it feasible to alternate one sort of cryptocurrency for some other while not having to transport finances into or out of an change.

I assume that is going to be a good deal greater thrilling than humans expect, Hayes informed CoinDesk in a current interview. We`re essentially looking to create an tool which could bridge the distance among fiat and crypto.

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2 years ago in #times by
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