Tether invests in Bitcoin borrowing and lending platform Ledn

Key Takeaways

Tether announced a strategic investment in Ledn, a leading provider of Bitcoin-backed loans.
Ledn is a rapidly growing player, having originated over $2.8 billion in loans and boasting Annual Recurring Revenue exceeding $100 million.

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Tether has invested in Ledn, a major provider of Bitcoin-backed loans, reinforcing its push to expand real-world financial infrastructure, the company announced Tuesday.

Commenting on the investment, Tether CEO Paolo Ardoino said that it will expand access to credit while enabling users to borrow against their Bitcoin rather than sell it. The partnership aims to support the long-term adoption of digital-asset financial services.

“Financial innovation should empower people,” Ardoino emphasized Tether’s belief. “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.”

The backing comes as crypto-backed credit markets enter a strong growth phase. Ledn has originated more than $2.8 billion in loans to date, including over $1 billion this year.

With annual recurring revenue now above $100 million and Q3 2025 originations nearly equaling all of 2024, Ledn is positioned to grow alongside a market projected to exceed $60 billion by 2033.

Ledn CEO Adam Reeds said in a statement that the investment would help “shape the future of the Bitcoin-backed lending market.”

“We expect demand for Bitcoin financial services to continue to soar, and this collaboration with Tether ensures that Ledn remains well-positioned to lead as the market continues to evolve and grow,” Reeds stated.