Stablecoin giant Tether has invested in Ledn, targeting the global cryptocurrency lending market.

Stablecoin issuer Tether has invested in Ledn, a platform offering Bitcoin-backed consumer loans, the company said Tuesday.

The funding aims to develop financial infrastructure that enables businesses and individuals to access liquidity and credit in their Bitcoin (BTC) without selling their holdings.

Founded in 2018, Ledn provides custody, risk management, and clearing services to users in over 100 countries. In October, the company reported issuing $392 million in Bitcoin-backed loans in the third quarter of 2025.

Ledn co-founder and CEO Adam Reeds said the company expects "continued surge in demand for Bitcoin financial services." The funding amount was not disclosed.

This announcement comes amid reports that Tether is considering a $1.15 billion investment in German robotics company Neura.

The Return of Bitcoin-Backed Loans

Three years after the collapse of centralized cryptocurrency lending platform Celsius in July 2022, Bitcoin and cryptocurrency-backed loans appear to be making a global comeback.

In May, Cantor Fitzgerald partnered with Maple Finance and FalconX to complete its first Bitcoin-secured loan transaction, marking a further deepening of Wall Street firms' involvement in the cryptocurrency lending market.

In July, Block Earner launched Bitcoin-secured home loans in Australia, a country where rising house prices have made housing increasingly unaffordable. Customers can obtain cash loans of up to 50% of the property value, with the underlying digital assets secured by Fireblocks.

Also in July, the US House of Representatives introduced a bill requiring federal mortgage lenders to include borrowers' cryptocurrency holdings on regulated exchanges as part of their financial status during mortgage underwriting.

A February report by the Canadian law firm Osler, Hoskin & Harcourt LLP estimated that the Bitcoin-secured loan market could surge to $45 billion by 2030.