03/07/19 06:33 UTC-4

Bitfinex Exchange returns Tether $100 million of 700 million debt

On July 2, through a message on his website, Bitfinex announced that it was taking steps to repay the loan he had taken from the Tether "sister" company.


Bitfinex returns debts

According to Bitfinex, they are now ahead of the payment schedule, given that the latter amount has not yet been deposited into Tether’s bank account, but the exchange decided to exceed the payment schedule, given its financial position for the second quarter of 2019.

Interesting in the section: Tether, as an analog of the dollar

The credit history began in April when Bitfinex took about $700 million from Tether, which receives a "fair" interest rate in exchange for a loan backed by 60 million Bitfinex shares, which were pledged as security.

Some suggest that the improvement in Bitfinex’s financial position was mainly achieved thanks to ICOICO
(Initial Coin Offerings) is an acronym, which means a primary currency offer. Details
LEO, which has attracted about $1 billion in recent days.

Bitfinex Exchange announced on its website the return of a certain amount of debt to Tether. Recall, on May 22, Bitfinex announced that the launched tokenToken
– is an accounting unit that is used to represent a digital balance in an asset.Details
will work on a double protocol. Unus Sed Leo (LEO) is now supported by Ethereum and EOS.

Editor: Alyona Nabok

See also: "Grant Thornton has released the latest update on the liquidation of Cryptopia"

#Exchange #Bitfinex #Tether #debts



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