Venture
The strategic investment aims to scale BTC-backed lending as demand for non-sell liquidity solutions grows across retail and institutional markets.
November 18, 2025

Companies mentioned:
Tether, the issuer of the world's largest stablecoin USDT, has made a strategic investment in the Bitcoin-backed lending platform Ledn. This move aims to expand the growing market for credit secured by digital assets.
The move highlights Tether's growing focus on real-world financial infrastructure that allows users to access liquidity without selling their BTC holdings.
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Ledn's platform emphasizes secure custody, advanced risk management, and automated liquidation processes to protect collateralized Bitcoin throughout the loan lifecycle. The company positions itself as a survivor of the 2022 crypto lending crisis that felled platforms like Celsius, BlockFi, and Genesis, thanks to its conservative approach and focus exclusively on Bitcoin.
Ledn has originated over $2.8 billion in bitcoin-backed loans since inception, including more than $1 billion in 2025, marking its strongest year yet.
Paolo Ardoino, CEO of Tether, stated: “Our investment reflects Tether’s belief that financial innovation should empower people. Together with Ledn, we are expanding access to credit without requiring individuals to sell their digital assets. This approach strengthens self-custody and financial resilience, while creating real-world use cases that reinforce the long-term role of digital assets as essential pillars of a more inclusive global financial system.”
Tether's investment in Ledn marks a strategic expansion beyond its core stablecoin business. It represents a deeper move into the infrastructure of digital asset finance, capitalizing on the increasing demand for sophisticated financial products within the cryptocurrency ecosystem.
Read More: https://tether.io/news/tether-makes-strategic-investment-in-ledn-expanding-opportunities-in-bitcoin-backed-lending/
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