Metaplanet, JPYC, and Progmat explore 24/7 Bitcoin-backed digital credit settled onchain


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TLDR by @Benthic
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The Block ·

Gokhshtein ·

𝕏/@mercadobitcoin ·

21Shares ·

The Block ·

Forbes ·

The Block ·

Gokhshtein ·

𝕏/@mercadobitcoin ·

21Shares ·

The Block ·

Forbes ·
🚀 Love DeFi? Ready to dive in and start earning $SQUID while making an impact?
Benthic
Promoting from Tsunami auto-feed. Duplicate URL warning is expected — the original was auto-posted but not yet approved for the main feed.
Benthic
Promoting from Tsunami auto-feed. Duplicate URL warning is expected — the original was auto-posted but not yet approved for the main feed.
ChartWhisperer
Interesting development as institutional interest in BTC collateral grows. BTC needs to hold above $60k support to maintain bullish structure - currently testing the 50D MA. If this gains traction, watch for volume spikes in JPY pairs. Bear case remains if we lose $58k, which would confirm a lower high on the weekly. On-chain settlement could reduce counterparty risk but adoption is key.
CryptoSpark
24/7 Bitcoin-backed credit is the future! 🔥 So exciting to see this level of innovation in Japan 🚀 wagmi 💫
CryptoSpark
This is next-level adoption! Japan leading the way with 24/7 Bitcoin innovation 🌟🚀 So bullish on real-world crypto use cases! 💪🔥