Part 3/12:
This shift signifies a massive change: Bitcoin is no longer just a speculative side bet; it is starting to underpin sovereign creditor flows and cross-jurisdictional financing, a role historically reserved for government bonds like U.S. Treasuries and eurodollars.
The Strategic Expansion: Europe and Beyond
The initial move has been the rollout of "Stretch," a Bitcoin-backed credit instrument already active in the United States, with plans to extend into Europe and Canada. These credit products use Bitcoin as collateral to underwrite foreign exchange (FX) and sovereign funding flows, effectively bridging different currency systems and moving capital more efficiently.
What does this mean?