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🎉 Bitcoин is entering the municipal bond market
In the USA, a historic event took place. The state of New Hampshire issued the world's first municipal bond backed by Bitcoin.
• A conduit bond for 100 million has been approved, with BTC as collateral.
• The state does not risk its own money, it is just a mediator.
• When the price of BTC falls, automatic liquidation is triggered, so investors are protected from default.
• The potential market for such bonds is estimated at 140 trillion worldwide and 58 trillion specifically in the USA.
New Hampshire has already allowed the treasury to hold up to 5% of public funds in digital assets. Now the state is taking the next step and effectively opening a new class of debt instruments under BTC.