"You will be able to exchange Bay directly to US$ in the client and on exchanges"
So that will be done through wire transfer, etc. Exactly who is the intended audience for this coin?
When you say exchange USD for BAY at exchanges, do you mean like I can exchange BTC for BAY today or something else?
You can exchange for $ here:
https://c-cex.com/?p=bay-usdWe are looking at other exchanges as well