A stablecoin backed by preferred shares with 11% yield funded by...sales of a Bitcoin treasury? (up only, remember)
Every product remotely resembling this has gone SO WELL that I can't imagine not wanting another thing like this. 🙄😆
Look what Apyx is built on though...Ethereum and Base. Just a thought, wouldn't it be interesting if the STRC were also tokenized on the same chain?
And while we are at, we could have the base asset that the whole thing is backed by be on that same chain too? So the whole thing could be...ya know, composable?
I wonder how this could be done.🤔
Avichal Garg on why he’s bullish ETH
“What ETH has that is very difficult to reproduce is credible neutrality. And if you think there’s going to be a global financial system settlement layer, I think that is the critical thing — that trust and neutrality is basically irreproducible… ETH has that.”
“For me the turning point for ETH was when the United States decided to seize Russian assets and weaponize the dollar… If you’re Germany, France, India, Turkey, Brazil, or most of the world, you’re looking at the world and saying, I don’t think I want to be allied with the Chinese — India certainly doesn’t — but now I’m worried that if I ally with the US and then they want me to do something and I don’t do it, they’re just going to take all my money? What you want is a US dollar denominated system that the US cannot single-handedly decide to boot you from and where the United States cannot just take all your assets. That’s literally what Ethereum is.”
“[Ethereum is] a US dollar denominated system, that nobody in the world controls, that anybody can mutually agree to transact upon, where the United States can’t steal your assets — and there are ways to structure synthetic dollar assets that are not sitting in US banks, just like the Eurodollar system. What is that worth? I think that’s worth a lot of money.”
“If you’re any bank, country, or central bank, [Ethereum] is the only place you can do that. Now how does that get valued? Does that mean ETH becomes a store of value as the endogenous backing asset for the thing which can be used as collateral? We tend to think that those things are true, and we’ve written about this.”
“You can go talk to anybody on Wall Street. Where are they building? Everybody’s trying to build on ETH. Where’s Coinbase building? Where’s Robinhood building? Where’s SoFi building? Underneath it all, all of the activity for that sort of behavior — geopolitically, central bank level, important behavior — is happening right now in this space [on Ethereum], and I think it will take some time for people to appreciate and underwrite that.”
“In 10 years people will look around and be like, ‘Oh wow, that’s really important, and I should own a piece of that.’ I don’t know when it rerates, but I think at some point people will get their heads around that there is something unique to this thing that nobody else will be able to reproduce, and that thing is valuable.”
Source: @theempirepod (Jun 2026)
@theePadilla The 10-year T-Note is 4.52%. They would make much more money just doing that.
Not to mention they wouldn't be exposed to the non-zero risk of the Browns actually winning, however small that is.
This is Part 1 of my rebuttal to David Hoffman’s capitulation on Ethereum’s monetary thesis.
This is a complete and updated thesis on the debate about BTC vs ETH monetary superiority, market bias, and why the future is still brightest for Ethereum.
https://t.co/CrYuYPRWqO