At Bitcoin 2026, Saylor laid out his blueprint as three layers. Layer 1, digital capital: $BTC Layer 2, digital credit: $STRC Layer 3, digital currency: Apyx, on-chain stablecoins built on STRC dividends How Apyx works 1️⃣ Users start by depositing USDC into Apyx. > The protocol then uses that capital to buy STRC and SATA preferred shares off-chain. 2️⃣ In return, users receive apxUSD, a stablecoin-like token pegged near $1. 3️⃣ To earn income, users need to lock apxUSD into the protocol and mint apyUSD, the yield-bearing version. 4️⃣ apyUSD receives the monthly dividend flow from the underlying STRC and SATA shares. So the structure is simple: > apxUSD is for liquidity. > apyUSD is for income. > In short, Apyx turns off-chain preferred stock dividends into on-chain stablecoin yield.