Michael Saylor: Proposed the concept of a "perfect" digital currency, a Bitcoin-backed stablecoin, with yields potentially reaching 6% to 8%
According to The Block, Strategy founder Michael Saylor outlined his vision for a "perfect" digital currency at the ParaFi Investor Day, which is a stablecoin pegged to the US dollar and backed by Bitcoin, offering a yield of 6% to 8%.
Saylor stated that this will be the next development direction for digital capital and digital credit products.
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