Stablecoin issuer Tether has invested in Ledn, a platform that offers Bitcoin-backed consumer loans, the company announced on Tuesday.
This funding aims to develop financial infrastructure that allows businesses and individuals to obtain liquidity and credit using their Bitcoin (BTC) without having to sell their held assets.
Founded in 2018, Ledn provides custody, risk management, and clearing services to users in over 100 countries. In October, the company reported that it issued $392 million in Bitcoin-backed loans in the third quarter of 2025.
Ledn co-founder and CEO Adam Reeds stated that the company expects "demand for Bitcoin financial services to continue to soar." The amount of financing was not disclosed.
The announcement comes as reports suggest that Tether is considering an $11.5 billion investment in German robotics company Neura.
Three years after the centralized cryptocurrency lending platform Celsius collapsed in July 2022, Bitcoin and cryptocurrency-backed loans seem to be making a comeback globally.
In May, Cantor Fitzgerald completed its first Bitcoin-backed loan transaction in collaboration with Maple Finance and FalconX, marking a deeper involvement of Wall Street firms in the cryptocurrency credit market.
In July, Block Earner launched Bitcoin-backed home loans in Australia, a country where rising property prices have made housing increasingly unaffordable. Customers can obtain cash loans of up to 50% of the property value, with the underlying digital assets secured by Fireblocks.
Also in July, the U.S. House of Representatives introduced a bill requiring federal mortgage agencies to consider the cryptocurrency held by borrowers in regulated exchanges as part of their financial status during mortgage underwriting.
Canadian law firm Osler, Hoskin & Harcourt LLP estimated in a report in February that the Bitcoin-backed loan market could soar to $45 billion by 2030.
Related: Grab deepens stablecoin layout, partnering with StraitsX to advance Web3 wallet and settlement infrastructure
Original article: “Stablecoin giant Tether invests in Ledn, targeting the global cryptocurrency lending market”
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