Tether Said to Have Invested Up to $50 Million in Crypto Lender Ledn at $500 Million Valuation

2026-01-09 17:21:16

Source: CryptoNewsNet Original Title: Tether said to have invested up to $50 million in crypto lender Ledn at $500 million valuation Original Link: When stablecoin issuer Tether announced a “strategic investment” in Ledn, a lender of stablecoins and fiat against bitcoin collateral, in November, it chose to withhold details of the investment.

In fact, it paid between $40 million and $50 million at a valuation of $500 million, according to a person with knowledge of the matter.

Tether, whose USDT is the No. 1 dollar-pegged token by market capitalization, has become increasingly acquisitive under CEO Paolo Ardoino, who took over in 2023. The company earns returns on the U.S. Treasuries it holds to back the stablecoin, and in October reported a nine-month profit of $10 billion.

The Ledn investment gives it a stake in a crypto financial services company focused on letting individuals and institutions earn yield on, borrow against, and manage digital assets. Last May, the company, registered in the Cayman Islands, said it was shifting to a bitcoin-only model to simplify its offering and sharpen its focus.

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