Tether Strategic Investment in Bitcoin-backed Lending Provider Ledn

On November 18th, Tether made an announcement regarding a strategic investment in Ledn, a Bitcoin-backed loan provider. This investment is aimed at expanding the opportunities for Bitcoin-backed lending. Ledn's infrastructure encompasses advanced custody, risk management, and settlement systems, which ensure the security of customers' digital assets used for loans throughout the loan period. Given that the Bitcoin-backed lending market may be on the verge of entering a significant growth phase, Ledn is well-positioned to enhance credit accessibility in both the retail and institutional markets. Since its establishment, Ledn has provided over $2.8 billion in Bitcoin-backed loans. In 2025 alone, the amount issued is expected to exceed $1 billion, marking the company's most robust annual performance to date. Just in the third quarter of 2025, Ledn disbursed $392 million in loans, which is nearly on par with the total for the entire year of 2024. Currently, the company reports an Annual Recurring Revenue (ARR) of over $100 million, indicating the increasing demand for secure Bitcoin-backed lending products.