X NBT Change

This motion raised in 2015 directs X-NBT to be implemented as an SDR pegged product:

https://discuss.nubits.com/t/passed-motion-to-introduce-new-nubits-products/2834

The present motion is intended to repurpose X-NBT and supercede portions of the passed motion referenced above that pertain to X-NBT. Other provisions of the passed motion remain in force. Instead of implementing X-NBT as an SDR pegged product, we will reserve the X-NBT symbol for the release of what is intended to be our flagship product in the long term: a currency more stable than major national currencies which also maintains its value better than national currencies. X-NBT is intended to be less volatile than major national currencies, while maintaining its buying power better long term.

Nu has no specific plans to release an SDR pegged product, as it appears there is little demand for such a product at this time.

The precise implementation of the repurposed X-NBT is being researched by Liquidity Operations. Once the process of development within Liquidity Operations is complete, Nu will release and support it. No client update is needed to release X-NBT.