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 with respect to a peg.
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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