El Salvador Volcano Bonds fund
Overview
The government of El Salvador has proposed issuing digital debt instruments known as Volcano Bonds. These are structured as dollar-denominated bonds that pay a coupon in Bitcoin. The capital raised is earmarked for the development of Bitcoin City, which includes geothermal energy facilities, and for acquiring Bitcoin. The bonds are linked to the Bitfinex and Tether ecosystem and were first announced in November 2021.
Relations
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Frequently asked questions
What is El Salvador Volcano Bonds?
El Salvador Volcano Bonds is a fund tracked in The Counterparty knowledge graph.
What type of entity is El Salvador Volcano Bonds?
El Salvador Volcano Bonds is classified as a fund (fund) in The Counterparty knowledge graph.