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BTCC / Hashtag / volcano bonds
#bitcoin #mortgage rates 2026 canada #crypto neurop geo vulgaris
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What are the volcano bonds?

The Volcano Bonds are a $1 billion bond, denominated in U.S. dollars, with a 10-year maturity in, apparently, January 2032. They pay 6.5% annual interest. El Salvador will invest half of the proceeds in “infrastructure build,” and put the rest into Bitcoin.

What will El Salvador do with the volcano Bond?

El Salvador plans to use the Volcano Bond to pay down its sovereign debt, fund the construction of the Bitcoin City, and create Bitcoin mining infrastructure, according to Bitfinex, the technology provider for the bonds.

Could volcano bonds be a catalyst for bitcoin adoption?

Bitcoin City will have residential and commercial areas, services, entertainment, restaurants, and a new international airport. Bukele plans to finance the construction of Bitcoin City with further Volcano Bond issues, presuming the initial one is successful. Here’s the bottom line. Volcano Bonds could be an enormous catalyst for Bitcoin adoption.

Will El Salvador issue bitcoin-backed 'volcano bonds' in 2022?

El Salvador's assembly passed legislation Wednesday that clears the way for bitcoin-backed "volcano bonds" to be issued and for cryptocurrencies other than bitcoin. After declaring bitcoin legal tender in late 2021, the Central American country had planned to issue the bonds in March of 2022.

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