Overview
- Tether confirmed a strategic stake in Ledn but did not disclose the investment size or financial terms.
- Both firms say the capital will accelerate new product launches, entry into additional markets, and integration of Tether offerings on Ledn’s platform.
- Ledn reports over $2.8 billion in lifetime originations, more than $1 billion in 2025 including $392 million in Q3, and annual recurring revenue above $100 million.
- Ledn positions its post‑2022 resilience on a bitcoin‑only, streamlined model after peers like BlockFi, Voyager, Celsius and Genesis collapsed.
- Tether frames the deal as part of a broader push to build real‑world financial services on digital‑asset rails and to let users borrow against Bitcoin without selling it.