NYDIG explores float financing for Bitcoin-backed lending market

NYDIG, Stone Ridge’s subsidiary that offers Bitcoin-backed loans, is preparing to expand its offering through float financing, according to the firm’s 2024 investor letter. The letter rebuts common objections to Bitcoin’s (BTC) utility, suggesting that it can generate cash flow through sales and serve as collateral for fiat loans. Float is a key concept in […] The post NYDIG explores float... source: https://cryptoslate.com/nydig-explores-float-financing-for-bitcoin-backed-lending-market/