Ukraine Launches a Token Backed by Bonds

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Ukrainian company Evoltech and broker ICU have announced the launch of the “first crypto bond” UA Crypto Bond (UACB), which will allow investing in Ukrainian government bonds.

UACBs are backed by war bonds with a government money-back guarantee and with an expected maturity of November 2022.

Users can purchase tokens, and after paying the authorities for bonds, they can withdraw funds using stablecoins USDT (on BEP-20 or TRC-20 networks). The authors of the initiative point out that making payments in USDT will protect investors from fluctuations in the hryvnia exchange rate.

According to the terms of placement, the initial price per unit of UACB is set at 34.18 USDT.