Tether officially announced a strategic investment in Bitcoin lending platform Ledn. The two companies will jointly promote a financial model that allows borrowing money without selling cryptocurrency, enabling digital assets to truly integrate into real-world financial infrastructure.
![图片[1]-Tether invests in Bitcoin-backed lending platform Ledn: The era of lending with cryptocurrency has arrived, with the market size projected to reach $60 billion by 2033.-OzABC](https://www.ozabc.com/wp-content/uploads/2fd4345d8c3a46278941afd9ab7ad225-800x450.webp)
CompleteTether, the world’s largest issuer of the USD stablecoin USDT, announced on November 18 that it has made a strategic investment in Ledn, a Bitcoin lending platform. The two companies will work together to promote a financial model that allows people to borrow money without selling their cryptocurrencies, enabling digital assets to truly enter the real-world financial infrastructure.
The cryptocurrency-backed lending market is projected to grow to $60 billion.
Ledn is a fintech company specializing in Bitcoin-secured loans, emphasizing secure custody and risk management. Tether reports that since its inception, Ledn has issued over $2.8 billion in Bitcoin-secured loans, with a record high exceeding $1 billion in 2025 alone. Particularly noteworthy is the third quarter of this year, where single-quarter loan disbursements reached $392 million, almost equal to the total for the entire year of 2024. Currently, Ledn’s annualized recurring revenue (ARR) exceeds $100 million, demonstrating strong market demand for this type of product.
Furthermore, Tether cited a recent report from Data Intelo as a reason for investing in Ledn, noting that the global crypto-asset-backed lending market is projected to grow rapidly from approximately $7.8 billion in 2024 to over $60 billion by 2033, representing an extremely high compound annual growth rate. The primary driver of this growth will be the increasing number of investors who want to hold Bitcoin while still having flexible access to dollar liquidity, rather than selling assets at market peaks.
Creating real-world application scenarios for digital assets
Regarding this investment, Tether CEO Paolo Ardoino stated, “This investment reflects Tether’s strong belief that financial innovation should empower people. Together with Ledn, we are expanding access to credit without the need to sell digital assets. This approach creates real-world applications for digital assets, reinforcing their role as a core pillar of a more inclusive global financial system.”
Ledn co-founder and CEO Adam Reeds also emphasized, “This investment brings together two market leaders to shape the future of the Bitcoin lending market. Current projections indicate that Ledn’s lending volume is expected to nearly triple by 2024, validating the validity of our ‘All-in on Bitcoin’ strategy. We anticipate continued explosive growth in demand for Bitcoin financial services, and our partnership with Tether will ensure Ledn maintains its leading position as the market evolves and grows.”
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