Michael Saylor Explains Bitcoin-Backed Stablecoins Could Be the Future of Digital Currency! Here Are the Details
Photo: Bitcoin Sistemi
Strategy founder Michael Saylor said that stablecoins, backed by Bitcoin (BTC) and pegged to the US dollar, could play a significant role in the future of the digital currency system. Saylor predicted that such products could offer annual returns of between 6 and 8 percent. Speaking at an investor day event, Saylor shared her views on how a digital financial system could consist of different layers. According to Saylor, Bitcoin occupies the lowest layer of the digital capital structure, while digital credit instruments like Strategy's preferred shares form the middle layer.
Source: Bitcoin Sistemi
