Voyager Digital secures loan from Alameda to meet ‘customer liquidity needs’
Voyager Digital, a crypto app offering up to 12% returns, said it has secured a loan Alameda Ventures to help meet “customer liquidity needs.”
Alameda will provide a $200 million cash and USD Coin (USDC) revolver and a 15,000 BTC ($300 million) revolver, according to a statement on Wednesday.
“The proceeds of the credit facility are intended to be used to safeguard customer assets in light of current market volatility and only if such use is needed,” according to the statement.
This is a breaking story and will be updated.
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Author: Andrew Rummer
