New Hampshire Agency Plans to Issue $100 Million Bitcoin-Backed Bond, Receives Investment Grade Rating from Moody's

BlockBeats News, April 1st, the New Hampshire Bureau of Business and Finance plans to issue a $100 million Bitcoin-backed bond, which has been awarded a 'Ba2' speculative-grade rating by Moody's. BitGo will act as the custodian and settlement agent, responsible for liquidating Bitcoin when necessary to pay interest and principal.