The Bitcoin-backed digital credit market has rapidly expanded from nearly non-existent two years ago to about $16 billion today. Dan Hillery of UTXO explains that this financial layer, involving variable-rate preferred securities like STRC and SATA, could eventually rival Bitcoin's own network value of $1.5 trillion. Hillery discusses how these securities are priced, the role of buybacks in maintaining their value near par, and the structure of his credit fund with senior and junior tranches. This growth highlights a new dimension of Bitcoin's capital structure and potential investment opportunities in digital credit products.
Dan Hillery's discussion on digital credit growth offers context for cryptocurrency market activity. For readers following crypto markets, here is Pluang's snapshot as of Sep 18, 2026 07:21 WIB: Among 50 major cryptocurrencies priced on Pluang, 44 rose and 5 fell today. Notable movers include AAVE at Rp2.272.834 with a 7.16% increase and 86% buy order activity, KSM at Rp75.055 with a 6.61% rise but 100% sell order activity, and BCH at Rp4.165.950 up 6.08% with 94% buy order activity.
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