Morning Edition · Saturday, July 11, 2026Published at 1:31 AM EDT · New York
Metaplanet Studies Bitcoin-Backed Digital Credit With JPYC and Progmat in Japan
The joint study would let companies borrow 24 hours a day against Bitcoin reserves with settlement on-chain, extending the treasury model beyond accumulation.
Metaplanet, the Japanese listed company that has built a large Bitcoin treasury, announced a joint study with the yen stablecoin issuer JPYC and the tokenization platform Progmat to explore Bitcoin-backed digital credit products, according…
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Bitcoin Reclaims Programmability Above the Base Layer
Client-side-validation systems keep pushing asset issuance and stablecoin settlement onto Bitcoin without expanding its base-layer state, positioning Bitcoin to reclaim transfer volume from smart-contract chains.
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