According to Michael Saylor on July 9, digital credit's transparency stems from Bitcoin serving as an observable and homogeneous asset, enabling analysts to continuously assess credit risk tied to BTC and allowing investors to build and apply statistical models for valuation and trading decisions of related credit products.
Saylor also noted that his team has released a proprietary credit model allowing users to input parameters such as BTC price, volatility, and annualized yield to calculate the model's implicit BTC risk and credit spread, supporting Digital Credit pricing.