Tether CTO Paolo Ardoino Says El Salvador’s ‘Volcano Bond’ Establishes New Way for Countries To Raise Money

Tether CTO Paolo Ardoino Says El Salvador’s ‘Volcano Bond’ Establishes New Way for Countries To Raise Money


The Daily Hodl
2022-09-05 14:30:11

Paolo Ardoino, the chief technology officer of stablecoin issuer Tether, says that El Salvador’s Bitcoin-backed (BTC) bonds is setting the precedent for how nation-states can raise money. In November of last year, El Salvador President Nayib Bukele announced that the Central American country would be issuing Bitcoin bonds – also known as volcano bonds. Ardoino […]The post Tether CTO Paolo Ardoino Says El Salvador’s ‘Volcano Bond’ Establishes New Way for Countries To Raise Money appeared first on The Daily Hodl.