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via CoinDesk · By CoinDesk Staff
Bitcoin treasury firms outline $3 trillion opportunity in BTC-backed digital credit at Consensus
BTC
BTC/USDT
$62,913.92
-0.34%
$62,913.92
-0.34%
(24s)24h Volume
$3,837,422,333.44
24h H/L
$63,390.00 / $62,716.00
Change: $674.00 (1.07%)
Long/Short
69.6%
Long: 69.6%Short: 30.4%
Funding Rate
+0.0031%
Longs pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(12:25 PM UTC)
1 min read
Bitcoin-backed “digital credit” is scaling fast, with executives pointing to a $3 trillion long-term opportunity.
$3 trillion. That’s the scale of the opportunity bitcoin treasury executives see in digital credit, a fast-growing class of bitcoin-backed debt instruments designed to generate yield on bitcoin holdings.
The market has already grown to about $10 billion in less than a year…
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