The Problem

The Bitcoin standard isn't here (yet) — you still need access to fiat currencies, like USD.

This creates two problems:

  1. You're forced to watch your dollars inflate away as you don’t have access to a USD-denominated yield instrument.

  2. There is no way to hold dollars without leaving the Bitcoin blockchain. Even more problematic, you're forced into the traditional banking system that USD and most stablecoins are dependent on (like USDC or Tether).

In other words, there is no dollar asset backed by the hardest asset in the world (BTC) that is native to the most secure Blockchain (Bitcoin).

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