Digital credit products tied to Strategys bitcoin-backed ecosystem experienced sharp price declines last week before staging a significant recovery, according to Strive Chief Risk Officer Jeff Walton. Despite the volatility, Strive maintains that the selloff was caused by leverage-driven liquidations rather than any deterioration in the underlying credit quality of the assets. Speaking with CoinDesks Jennifer Sanasie on the Public Keys program, Walton explained that Strategys preferred stock funding vehicle, STRC, dropped to as low as $82.53 on Thursday before rebounding to approximately… Read more
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