it's backed _by digital credit_, bruh. You understand nothing??:O

denlillaapan

People were excited that it was safer than government bonds, while returning a much higher yield.

I don't know how one can think it's safe. Seems about as safe as UST in the Terra-Luna ecosystem. But the yield on that one was 20%.

Maybe Saylor will boost the yield to match that. It's going to be fun to watch.

Stacker_Stocks

econ

The Bitcoin Bank Run on Strategy and STRC (Money Stuff, Matt Levine)

I never understood the appeal of STRC.
People were excited that it was safer than government bonds, while returning a much higher yield.
I don't know how one can think it's safe. Seems about as safe as UST in the Terra-Luna ecosystem. But the yield on that one was 20%.

Maybe Saylor will boost the yield to match that. It's going to be fun to watch.