Saylor Predicts 7% Yield for Bitcoin-Backed Stablecoin
Strategy Executive Chairman Michael Saylor believes that a Bitcoin-backed stablecoin could offer investors a 7% yield while maintaining a stable dollar value. He described this concept as digital money built on the company's expanding digital credit business.
In an interview with Binance, Saylor explained that existing stablecoins generally generate returns tied to short-term dollar rates and lower fees, while a Bitcoin-backed model could potentially generate higher returns through Bitcoin-based credit.
He pointed out that companies such as Saturn are already developing products in this area, including a yield-centric dual token protocol with a stablecoin pegged to the US dollar called USDat.