Tether, Aven, Strike, and the Bitcoin Lending Race

Show Notes

PBJ breaks down the rapidly heating market for bitcoin-backed lending, from Aven’s bitcoin credit card and Surge’s self-custody model to Strike, Tether, 21, Coinbase, liquidation risk, and the broader push to turn bitcoin into a serious collateral asset. Timestamps: 0:00 - Aven’s move from home equity to bitcoin-backed credit 03:43 - Rates, LTVs, and lending market comparisons 04:59 - Surge, Lava, and the self-custody tradeoff 07:49 - Liquidation risk and bitcoin as collateral 11:08 - Strike, Tether, and bitcoin lending at scale 15:03 - Twenty One Capital (XXI), mining economics, and bitcoin-native revenue 18:18 - Strategy, STRC, and the value of focus 🎧 From the PBJ podcast recorded at 📍Presidio Bitcoin 🔗 Full episode: https://youtube.com/live/gebBz3V_8uo?feature=share 🌐 Learn more: https://www.presidiobitcoin.org/