Overview
- Tether confirmed a strategic investment in Ledn, with the size of the stake not disclosed.
- CEO Paolo Ardoino said the goal is to expand access to credit that lets borrowers pledge bitcoin rather than sell it.
- Ledn reports over $2.8 billion in originations since launch, including more than $1 billion in 2025 and $392 million in the third quarter alone.
- The Cayman Islands-registered lender refocused on a bitcoin-only model after surviving the 2022 collapses that took down BlockFi, Voyager, Celsius and Genesis.
- Coverage cites social posts that Ledn plans new products, market expansion and Tether product integration, while Tether frames the deal as part of its push into real-world financial services built on digital-asset rails.