Damus
𝕞ptf · 2w
What value do they provide now? Just a gravy train of grifters now milking the pie.
Jude profile picture
They essentially created a stable coin backed by bitcoin last year (STRC) that currently pays 11% annually. Banks are going to start buying this and raising their yields in their savings accounts (6%?) and keeping the difference . All that money flows straight into bitcoin which strengthens the credit and makes more people buy it.

This thing is a fucking black hole and as soon as you see it the volatility in price is nothing. They’re still up 300% in 6 years after adopting their Bitcoin strategy.