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The market favors @Strategy's $STRC Bitcoin-backed stablecoin with yield over $CRCL's proxy stablecoin play by a factor of 2. The financialization of Bitcoin is a flywheel
@Gh9876543My @Strategy It acts like a synthetic stablecoin wrt a peg
26.7. klo 20.06
So why do people call it a “stablecoin”?
Because it mimics a peg.
But it’s Nasdaq-listed equity, actively managed to stay stable—closer to a Bitcoin-backed T‑bill than a crypto token.
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