Overview
- Tether confirmed a strategic investment in Ledn, a bitcoin-collateralized lending platform, with the size of the deal undisclosed.
- CEO Paolo Ardoino said the aim is to expand access to credit by letting borrowers use Bitcoin as collateral instead of selling it.
- Ledn reports more than $2.8 billion in lifetime loan originations, over $1 billion in 2025, and annual recurring revenue above $100 million, including $392 million in Q3.
- The partnership roadmap calls for accelerated product development, expansion into additional global markets, and direct integrations of Tether products on Ledn.
- Ledn highlights its survival of the 2022 lending collapses and its bitcoin-only, risk-managed model, and says the new backing will support broader international growth.