alt Hacker NewsA half-joking comment I once heard from someone who was part of the group that established the NUC. It stood for "Not US Currency," but tracks the dollar because that compromise was the only thing everyone could agree on. The first stablecoin.
A half-joking comment I once heard from someone who was part of the group that established the NUC. It stood for "Not US Currency," but tracks the dollar because that compromise was the only thing everyone could agree on. The first stablecoin.
I wonder why they didn't go with the IMF Special Drawing Right, which is used in many other international contexts. (Including aviation - the liability limits under the Montreal Convention are in SDRs.)