Worldcoin announces one-year extension of loan agreement for 10 million WLD from five entities

On May 30, according to the official blog of Worldcoin, on December 16, 2023, World Assets Ltd. (a subsidiary of the Worldcoin Foundation) signed a loan agreement with five trading companies operating outside the United States. The five entities received a total of 10 million WLD loans. These loans will expire around June 14, 2024. World Assets Ltd. has chosen to extend the term of the loan agreement by one year, to June 14, 2025, while keeping the other terms of the agreement unchanged. Therefore, the 10 million WLD loaned by these trading companies will remain part of the circulating supply for the foreseeable future. After the expiration of the extended period, each trading company must repay its loan in full.