World Assets Ltd. Extends Loan Agreements with Trading Firms, Keeping 10M WLD Tokens in Circulation

World
Assets
Ltd.,
a
subsidiary
of
the
Worldcoin
Foundation,
has
announced
the
extension
of
its
loan
agreements
with
five
trading
firms,
ensuring
that
10
million
Worldcoin
(WLD)
tokens
will
remain
in
circulation
until
June
14,
2025,
according
to

Worldcoin.

Extension
of
Loan
Agreements

Initially
set
to
expire
on
June
14,
2024,
the
loan
agreements,
which
were
established
on
December
16,
2023,
involved
five
trading
entities
operating
outside
the
United
States.
Under
these
agreements,
each
entity
received
loans
totaling
10
million
WLD
tokens.
The
extension
maintains
all
other
terms
unchanged,
requiring
the
firms
to
return
the
full
loan
amount
by
the
new
expiration
date.

Impact
on
Circulating
Supply

The
extension
decision
means
that
the
10
million
WLD
tokens
on
loan
will
continue
to
be
part
of
the
circulating
supply.
This
move
is
significant
as
it
affects
the
total
amount
of
WLD
available
in
the
market,
which
currently
stands
at
223
million
tokens.
Of
these,
167
million
WLD
have
been
distributed
through
user
grants
in
compliance
with
local
regulations.

Worldcoin’s
Broader
Ecosystem

Worldcoin
aims
to
equip
humanity
with
tools
to
navigate
the
age
of
artificial
intelligence.
One
of
its
flagship
projects,
the
World
ID,
is
a
secure
digital
passport
that
has
garnered
over
5.4
million
orb-verified
users.
This
ID
enables
individuals
to
prove
their
human
identity
online,
enhancing
security
and
privacy.

Despite
the
restricted
availability
of
WLD
tokens
in
the
United
States
and
other
specified
territories,
Worldcoin’s
related
services,
including
the
World
ID
and
Tools
for
Humanity’s
World
App,
remain
accessible
in
the
US.
This
ensures
that
the
broader
ecosystem
continues
to
serve
its
user
base
effectively.

Regulatory
Considerations

It’s
crucial
to
note
that
WLD
tokens
are
not
available
to
residents
or
entities
in
the
United
States
or
other
restricted
regions.
However,
the
extension
of
the
loan
agreements
highlights
World
Assets
Ltd.’s
commitment
to
maintaining
liquidity
and
stability
within
the
permissible
markets.

The
continued
circulation
of
these
tokens
ensures
that
the
trading
firms
can
operate
with
the
necessary
liquidity,
potentially
fostering
market
stability
and
confidence
among
investors
and
users.

Worldcoin’s
proactive
steps
in
extending
these
agreements
reflect
its
strategic
approach
to
managing
its
circulating
supply
and
supporting
its
broader
mission
of
facilitating
a
secure
and
accessible
digital
future.

Image
source:
Shutterstock

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