Tether invests in Bitcoin borrowing and lending platform Ledn
Crypto Briefing
Tether has made a strategic investment in Bitcoin-backed loan provider Ledn to expand credit access without forcing users to sell their digital assets.Summary
Tether announced a strategic investment in Ledn, a major provider of Bitcoin-backed loans, as part of its effort to expand real-world financial infrastructure. Tether CEO Paolo Ardoino stated that this partnership will expand access to credit, allowing users to borrow against their Bitcoin instead of selling it, thereby strengthening self-custody and financial resilience. Ledn is experiencing significant growth, having originated over $2.8 billion in loans to date, with annual recurring revenue exceeding $100 million. Ledn CEO Adam Reeds noted that the investment positions the company to lead the evolving Bitcoin-backed lending market, which is projected to exceed $60 billion by 2033.
(Source：Crypto Briefing)