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Btcfeen 13d ago
Here’s what people don’t see coming besides a select few. One of the few things stablecoin and crypto had going for them was defi and the ability to hold a stable value with a pseudo usd. I think stables have value for that reason. But now strc and the structured products around that will Smoke any yield stables can provide, if it’s any at all. The gov is wants to proliferate stables growth as a way to find buyers of its short term debt. But what happens when a coin based upon strc and stablecoin holdings pays 10% and is backed by BTC and not the gov? People are SEVERELY underestimating strc’s TAM
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Brisket13d ago
I've been watching it since it was launched last July. It seems there's surprisingly very little appetite for the product so far. I can't really find a reason why it's not being embraced more, since I can't find a better option for fixed income investors. Very strange.
0000 sats
Btcfeen 12d ago
Ya imo it’s bc most people don’t believe in btc still and you have to believe in btc to get it. That and the fact that it has depegged has kept people out. I think people are scarred by stuff like Luna, but this is structurally different. It’ll play out will just take time
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