/ El Salvador


Galoy Launches Synthetic Dollars Backed by BTC, No Stablecoins Needed
/ Blockchain

Galoy Launches Synthetic Dollars Backed by BTC, No Stablecoins Needed

Stablesats make it seem payments are done in USD while using Bitcoin.

August 03, 2022
El Salvador to use IMF Funds for Bonds Buyback as BTC Loss Mounts

El Salvador to use IMF Funds for Bonds Buyback as BTC Loss Mounts

El Salvador would partially fund the $1.6 billion buyback using special drawing rights from the IMF.

July 27, 2022
El Salvador’s 2027 Bond Down 59% YTD: Can Bitcoin Be a Saviour?

El Salvador’s 2027 Bond Down 59% YTD: Can Bitcoin Be a Saviour?

Morgan Stanley believes El Salvador's bonds could bounce back to 44 cents on the dollar by year-end.

July 20, 2022
El Salvador’s FM Says $40M BTC Loss Not Real as They Haven’t Sold Any Coins

El Salvador’s FM Says $40M BTC Loss Not Real as They Haven’t Sold Any Coins

As Bitcoin’s price crashes, El Salvador’s Finance Minister believes his country's crypto woes are overstated.

June 15, 2022
El Salvador Has No Takers for its Volcano Bonds: Some Fear Country Near Default

El Salvador Has No Takers for its Volcano Bonds: Some Fear Country Near Default

El Salvador's volcano bonds haven't received any investment, which deepens concerns about how the country would pay a $800 million debt repayment due early 2023.

May 04, 2022

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