Alameda Research will provide Voyager Digital with a 200 million USDC loan and a “revolving line of credit” of 15,000 Bitcoin (BTC), with SBF outlining that the firm has a “responsibility” to consider helping other companies.
"We, I think about 24 hours later, stepped in and gave them a pretty broad line of credit to be able to cover all of their demands, to make sure customers were made whole while thinking about the longer-term solution," he said.on June 18 that Alameda had agreed to give the company a 200 million USDC loan and “revolving line of credit” of 15,000 Bitcoin worth $298.9 million at current prices.
Voyager Digital noted that its credit facilities offered by Alameda will each expire on Dec. 31 2024 and have an annual interest rate of 5% payable on maturity. The firm stated it will only use the credit lines “if needed to safeguard customer assets” amid severe market volatility. “The proceeds of the credit facility are intended to be used to safeguard customer assets in light of current market volatility and only if such use is needed,” the firm stated.While SBF has outlined good intentions to help suffering crypto companies, contradictory rumors surfaced this month that Alameda played a part in the recent instability of Celsius.
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