Explained: El Salvador’s contentious bitcoin-backed Volcano Bonds
El Salvador’s Volcano Bonds will be a great way to whitewash Tethers by swapping them for a government-approved debt issuance.
Cryptocurrency news by Protos · Protos
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Show Notes
Since the president made bitcoin legal tender in 2021, he’s struggled to prove the move makes any kind of sense for the country — El Salvador has sparred with major international players in the financial industry, like the International Monetary Fund.
With the passage of the country’s new Digital Assets Issuance Law, El Salvador is one step closer toward finally being ready to sell its Volcano Bonds for some bitcoin and USD — but especially, Tether.
Here’s what you need to know.
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