6/ The Risks of STRC Backed Stablecoins
As we know, Strategy has made a significant bet on Bitcoin as its treasury reserve.
If BTC drops hard and stay down, it could weaken confidence in the company’s balance sheet and its ability to maintain dividend payments.
This risk exists even with a $2.25B cash reserve, which can cover dividends for around 28 months.
And Strategy has the legal right to defer dividend payments. If that happens, every STRC-backed stablecoin feels it immediately.