Tether is doubling down on crypto credit markets with a strategic investment in Ledn, a platform offering consumer loans secured by Bitcoin. While the exact amount was not disclosed, the move highlights Tether’s push to expand institutional participation in Bitcoin-backed lending.
Ledn provides businesses and individuals with access to liquidity against their Bitcoin holdings without needing to sell. Operating in over 100 countries, the platform combines custody, risk management, and liquidation services to make crypto-backed loans accessible and secure.
According to CEO Adam Reeds, demand for Bitcoin financial products is growing fast. In the third quarter of 2025, Ledn originated $392 million in Bitcoin-backed loans, signaling a strong appetite for digital-asset collateralized credit.
The investment aligns with a broader resurgence in Bitcoin-backed lending, three years after the collapse of Celsius. Traditional financial players are now entering the market, with firms like Cantor Fitzgerald partnering with Maple Finance and FalconX to provide institutional-grade lending solutions.
Global adoption trends are also supporting growth. In Australia, Block Earner launched Bitcoin-backed home loans, allowing borrowers to access up to 50% of property values using crypto as collateral. Meanwhile, Canadian legal projections suggest the market could reach $45 billion by 2030, reflecting rising institutional confidence in digital-asset lending.
Tether’s Ledn partnership positions the stablecoin issuer at the forefront of a sector where digital assets are not just an investment, but a tool for liquidity, credit, and financial innovation.
