Although US regulators are more and more stringent in the inspection of stable currencies, the community continues to come up with new ideas for stable currencies that are not dependent on the US dollar.

Arthur Hayes, co-founder and former CEO of the BitMEX data encrypted currency Exchange, suggested creating a new stable currency whose value would be linked to a $1 BTC (BTC) and a permanent swap against the dollar against Bitcoin. On March 8th she summed up the idea of a hidden quantum chain (NUSD) or NakaDollar in an online article called Dust on the Earth's crust.

Unlike the most stable currencies linked to the dollar, such as USDT and USDC, the proposed NakaDollar will not rely on all dollar reserves, but on derivatives exchanges that enumerate liquidity in the opposite direction of permanent swaps, Mr. Hayes said.

The proposed stable currency will establish permanent swaps based on a series of BTC short positions and the opposite direction of the US dollar, and under a new decentralized autonomous organization (DAO)-NakaDAO authorizes participants to trade mathematically with derivatives exchanges, keeping it pegged to the US dollar at 1:1.

Hayes shows that a process of building a stable currency in NakaDollar will be completely unharmed by changes in the dollar, which must be served by banking services. He continued to emphasize that the proposed stable system of the National data Division would not be issued, adding:

If the NakaDollar solution fails, it will be a centralized landing on the password derivatives exchange. I eliminated decentralized derivatives exchanges because they are far less liquid than centralized derivatives exchanges.] "

The news came as users of Bank Gate Financial Institution (Silvergate Bank), a large US bank dedicated to data encryption, shut down and settled the business process amid continuing market weakness. Under the sudden order of the British Financial Services Center (New York Department Of Financial Services), Parksos Futures (Paxos Trust Company) stopped issuing Binance futures. (BU.S.) After that, the government departments quickly shut down. Binance U.S. It is one of the largest stable bonds linked to the US dollar in the industry. As previously reported, Paxos has savings in several financial institutions, including SilverGate and Signature.

Under constant pressure from regulators, Hayes is not the only one considering a stable currency that is different from the dollar. In February of this year, BinanceCEO Zhao Changpeng said that the field of data cryptocurrency may be transferred to other legal currencies, including the European, Japanese or Singapore dollars, as a prerequisite for a stable currency.