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Metaplanet Explores Bitcoin-Backed Digital Credit Products in Japan
Japanese firm Metaplanet is exploring Bitcoin-backed digital credit products in Japan with JPYC and Progmat, though no product has launched yet.

Japanese firm Metaplanet is exploring Bitcoin-backed digital credit products in Japan with JPYC and Progmat, though no product has launched yet.

Strive asserts that the recent sharp selloff in digital credit products was a liquidation event, not a credit crisis, despite exposing market growing pains.

The digital credit market saw a significant downturn, with STRC and SATA tokens plunging due to forced selling from leveraged positions before a rebound.

Michael Saylor clarified that MicroStrategy's recent Bitcoin sale was a strategic move supporting its digital credit business, not a departure from its long-term holding strategy.