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New Hampshire Launches First-Ever $100M Bitcoin-Backed Bond

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Credit : coinpedia.org

The Enterprise Finance Authority of New Hampshire authorized the primary $100 million Bitcoin-backed municipal bond within the U.S., following the state’s earlier transfer to take a position as much as 5% of its treasury in digital property. The bond makes use of overcollateralized Bitcoin held by BitGo and protects buyers if the worth of Bitcoin falls. Charges and returns from Bitcoin collateral will fund the state’s Bitcoin Financial Improvement Fund, supporting innovation and entrepreneurship. This groundbreaking bond may open the door to digital property within the $140 trillion world debt market.

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