Tether makes strategic investment in Ledn to expand bitcoin-backed lending market

Tether has made a strategic investment in Ledn, a bitcoin-backed lending platform, with the goal of increasing access to credit for individuals and businesses without forcing them to sell their digital assets. Ledn utilizes a custody, risk management, and liquidation system to secure client assets and has originated over $2.8 billion in bitcoin-backed loans since its inception. Tether CEO Paolo Ardoino stated that this approach enhances self-custody and financial resilience, supporting the long-term role of digital assets in finance. This investment follows a period where several centralized crypto lenders failed, but Ledn maintained client asset safety through a fully collateralized model and transparent operations. The crypto-backed lending market is projected to grow substantially, potentially reaching over $60 billion by 2033, making this collaboration timely for Ledn to maintain its leadership position.

(Source：The Block)