萨瓦多

🔹 Historic move for Bitcoin as legal tender In 2021, El Salvador became the first country in the world to list Bitcoin as legal tender. This decision by President Nayib Bukele aims to promote financial inclusion, attract foreign investment, create jobs, and use volcanic geothermal energy to mine Bitcoin. However, Bitcoin’s instability and unpredictability have also caused widespread controversy and concern.
🔹 Volcano Bonds: An innovative financial attempt. In early 2024, El Salvador plans to issue the world’s first Bitcoin sovereign bonds, known as “Volcano Bonds.” The $1 billion, 10-year bond, which carries a 6.5% coupon rate, is intended to raise funds through Bitcoin and infrastructure construction. The bonds will be issued on Blockstream’s Bitcoin sidechain, the Liquid Network.