Tether Invests in Ledn to Boost Bitcoin-Backed Lending

Tether, a prominent cryptocurrency company, has made a strategic investment in Ledn, a leading provider of Bitcoin-backed loans. This move strengthens Tether’s presence in the rapidly growing market for crypto-secured credit. By partnering with Ledn, Tether aims to expand its lending infrastructure and provide more opportunities for users to borrow against their bitcoin holdings without selling them. 2.8 billion dollars in Bitcoin-backed loans have been originated by Ledn since its launch, highlighting the increasing demand for such products. This investment aligns with a broader trend towards more mature crypto credit infrastructure, allowing businesses like Tether to offer traditional credit structures using digital asset collateral.