Metaplanet's Bitcoin-Backed Credit Plan: Can BTC Treasury Firms Become 24/7 Lenders?
Metaplanet and its partners have started a study on tokenized bitcoin-backed credit. The proposed credit model would feature 24/7 trading and daily interest. The report also addresses what BTC treasury lenders must solve to operate in this model.
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The feasibility study with yen-stablecoin issuer JPYC and Progmat would mobilize Metaplanet's more than 43,000 BTC as collateral under Project NOVA, though no issuance date, rate or structure has been set.
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