Tether announces loan repayment by Bitfinex
Tether acknowledges that in January it was repaid the remaining balance of $550,000,000 of the outstanding revolving loan facility owed by Bitfinex. Bitfinex made this payment in fiat currency wired to Tether’s bank account. All interest due on the loan has been paid. The loan has now been repaid early and in full, and the line of credit has been cancelled.