Worldcoin Announces One Year Extension of Loan Agreements for 10 million WLDs from Five Entities

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