KindlyMD and Kraken reach a 210 million USDT loan agreement

Nasdaq-listed Bitcoin treasury company KindlyMD announced on Tuesday that it has entered into a loan agreement with Payward Interactive, the company that operates the cryptocurrency exchange Kraken. According to an 8-K filing with the U.S. Securities and Exchange Commission (SEC), KindlyMD's wholly-owned subsidiary, Nakamoto Holdings, entered into a $210 million USDT-denominated loan arrangement with Kraken on December 9. This one-year term loan has an annual interest rate of 8.00% and will mature on December 4, 2026.