KindlyMD has finalized a $210 million USDT loan agreement with Kraken, according to SEC filings. The one-year loan, carrying a fixed interest rate of 8%, was executed on December 9 by KindlyMD's wholly-owned subsidiary, Nakamoto Holdings. The loan is secured by Bitcoin collateral valued at no less than $323.4 million, held by Kraken affiliate Payward Financial. Following its merger with Nakamoto Holdings, KindlyMD has transitioned into a Bitcoin vault company, holding 5,389 Bitcoins as of November.
KindlyMD Secures $210 Million USDT Loan from Kraken
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