TechFlow, November 18 — According to an official blog post, Tether has announced an investment in Ledn, a consumer Bitcoin-backed lending platform.
Since its inception, Ledn has issued over $2.8 billion in Bitcoin-backed loans, with more than $1 billion issued in 2025 alone, setting a new record high. In Q3 2025 alone, Ledn issued $392 million in loans—nearly matching the total volume for all of 2024. The company currently has annual recurring revenue (ARR) exceeding $100 million.
Tether CEO Paolo Ardoino said the investment reflects Tether’s belief that financial innovation should empower individuals. Ledn co-founder and CEO Adam Reeds stated the company's loan volume is on track to nearly triple compared to 2024 levels.
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