• Tether invests in Bitcoin-backed lending platform Ledn
• Funding supports global liquidity and credit tools without selling BTC
• Ledn operates in 100+ countries and originated $392M in BTC-backed loans in Q3 2025
• Growing institutional interest in crypto lending, especially from Wall Street
• Bitcoin-backed loans return after the 2022 lending market collapse
• Market expected to reach $45 billion by 2030

Tether, the world’s largest stablecoin issuer, has made a strategic investment in Ledn, a Bitcoin-collateralized lending platform. The goal is to accelerate the development of global financial infrastructure for both individuals and businesses. Instead of selling their Bitcoin, users will soon have more ways to borrow against it—accessing liquidity while keeping long-term exposure to BTC.

Ledn, founded in 2018, already serves customers in more than 100 countries, offering custody, risk management, and liquidation services. The company reported $392 million in Bitcoin-backed loans originated in Q3 2025 alone. According to CEO Adam Reeds, demand for Bitcoin financial products is rising fast, especially as more institutions start viewing BTC as a long-term reserve asset. The exact investment amount from Tether remains undisclosed.

This move comes shortly after news that Tether is considering a $1.15 billion investment in Neura, an AI-robotics startup, showing the company’s expanding ambitions across multiple sectors. But lending remains a major part of Tether’s strategy, especially as global interest in crypto-backed credit begins to surge.

Crypto-backed loans are returning

Just three years after the collapse of Celsius in 2022, Bitcoin-backed loans are re-emerging, but this time with stronger institutional participation and better risk management. Major financial firms have started to test Bitcoin-collateralized credit deals, signaling renewed trust in the model.

In May, Cantor Fitzgerald partnered with Maple Finance and FalconX to complete its first BTC-backed lending transaction. This milestone marks Wall Street’s growing interest in the crypto credit market.

The momentum didn’t stop there. In July, Block Earner launched Bitcoin-backed home loans in Australia—an important innovation in a country where property prices continue to rise. With this model, customers can borrow up to 50% of a home’s value using Bitcoin as collateral, secured through Fireblocks.

Also in July, the U.S. House of Representatives introduced a bill pushing federal mortgage agencies to consider cryptocurrency held on regulated exchanges as part of a borrower’s financial profile. This could eventually allow crypto holders to use their assets to strengthen their mortgage applications.

A fast-growing market

A recent report from Canadian law firm Osler, Hoskin & Harcourt LLP projects the Bitcoin-backed lending market could grow to $45 billion by 2030. This aligns with rising institutional participation, growing global access to crypto, and the push for more flexible financing tools.

With Tether’s backing, Ledn is positioned to benefit from this expanding demand, especially in emerging markets where access to traditional credit is limited. Bitcoin-collateralized lending offers a modern way for users to unlock immediate liquidity while keeping their BTC for long-term appreciation.

Final Thought

Tether’s investment in Ledn signals a major shift: Bitcoin-backed lending is going global again. Stronger risk practices, major institutional involvement, and surging demand for alternative credit solutions are driving a new wave of adoption. With Tether pushing deeper into lending, the crypto credit market is set to grow faster than ever—and platforms like Ledn may soon become key players in the world’s financial system.