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🇺🇸 New Hampshire approves a $100M Bitcoin-backed municipal bond, the first in the U.S.
The Bitcoin collateral is over-collateralized — reportedly ~160% of the bond’s face value in BTC is being held.
There’s a downside protection mechanism: if BTC’s value drops below a critical threshold ,there is a liquidation mechanism to protect bondholders.
#Hampshire
#Btc
#Crypto