Tether Invests in Bitcoin Loan Provider Ledn
- Tether has made a strategic investment in Ledn, a leading provider of Bitcoin-backed loans.
- Ledn has originated over $2.8 billion in loans, with more than $1 billion issued this year alone.
- The company boasts an Annual Recurring Revenue exceeding $100 million.
- This partnership aims to expand credit access without requiring individuals to sell their digital assets.
- Ledn is positioned for growth in a market projected to exceed $60 billion by 2033.
Tether’s investment in Ledn underscores its commitment to expanding financial infrastructure and supporting the long-term adoption of digital-asset services. The collaboration aims to enhance credit access while preserving users’ Bitcoin holdings.
Source (3.2)https://cryptobriefing.com/tether-invests-ledn-bitcoin-lending-borrowing-platform/?rand=59535
