New Hampshire, USA, Secures World's First Bitcoin-Backed Municipal Bond Rating from Moody's

According to Bloomberg on the 31st, the Business Finance Authority (BFA) of New Hampshire is planning the world's first Bitcoin (BTC) backed municipal bond, which has received a provisional rating of Ba2 (two notches below investment grade) from rating agency Moody's. The issuance size could be up to $100 million (approximately 15 billion yen). Moody's considered Bitcoin's historical price volatility and market liquidity in determining the advance rate...