Svmuu News: Michael Saylor, Executive Chairman of Strategy, delivered a keynote speech titled “Digital Credit” at the Strategy World 2026 conference, outlining his vision for building a tiered digital financial system with Bitcoin as its core asset. He proposed that the first tier of this system is “Digital Capital,” which refers to Bitcoin itself;The second layer is “Digital Credit,” referring to financial instruments issued based on Bitcoin, such as Strategy’s perpetual preferred shares STRC, STRK, STRF, and STRD, which aim to reduce the volatility associated with directly holding Bitcoin while providing a target annualized return of approximately 10%;The third layer is “Digital Money,” which consists of stablecoins and payment tools further derived from the aforementioned financial products, such as the stablecoin USDat, issued based on STRC and U.S. Treasury bonds.Saylor noted that both digital credit and digital money use Bitcoin as their underlying asset, differing from the fiat currency system issued based on national credit, with their returns derived from the long-term price performance of Bitcoin.