Tether has made a strategic investment in Ledn, a leading provider of bitcoin-backed consumer loans, with the aim of expanding access to credit collateralized by digital assets, the company announced in an emailed statement on Tuesday.
The amount of the investment was not disclosed. Tether declined to provide further details when contacted by CoinDesk.
This investment is part of Tether’s efforts to support real-world financial services built on digital asset rails. Bitcoin-backed loans allow users to access liquidity without selling BTC to unlock short-term capital.
Ledn was the survivor of a rout of the cryptocurrency-backed lending industry in 2022, which saw the collapse of companies like BlockFi, Voyager, Celsius and Genesis.
The Cayman Islands-registered company has streamlined its service, following a Bitcoin-only model to simplify its offering and refine its focus.
Ledn, which has generated over $2.8 billion in BTC-backed loans since its launch, is on track to have its best year yet. More than $1 billion in loans were issued in 2025, including $392 million in the third quarter, nearly matching the company’s entire 2024 volume.
Paolo Ardoino, CEO of Tether, said the investment reflects a commitment to financial empowerment through self-custodial credit.
