Bitcoin Magazine Bitcoin-Backed Bonds Facing Stress Test After Bitcoin Selloff, S&P Says Wall Street's first public bitcoin-backed bond, issued by Ledn and rated by S&P, is facing stress after a 27% bitcoin drop forced liquidations. Bitcoin-Backed Bonds Facing Stress Test After Bitcoin Selloff, S&P Says Micah Zimmerman.
Bitcoin-Backed Bonds Facing Stress Test After Bitcoin Selloff, S&P Says
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S&P Global Ratings said Ledn's S&P-rated, Wall Street-first bitcoin-backed bond faces stress after a 27% drop in bitcoin forced liquidations.
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