Dan Hillery: Digital Credit Could Rival Bitcoin's $1.5 Trillion Market Cap

Dan Hillery of UTXO Management stated that the Bitcoin-backed digital credit market has grown to approximately $16 billion and could eventually rival the market capitalization of Bitcoin itself. In an interview with Bitcoin Magazine, Hillery discussed the pricing of variable-rate preferred securities such as STRC and SATA, the role of buybacks in maintaining their value near $100 par, and the differences between digital credit risk and digital equity risk. He also outlined the structure of the credit fund he is developing, which includes senior and junior tranches.