Tether Invested $40M to $50M in Bitcoin-Backed Loan Company Ledn Last Year
BlockBeats News, January 9th, according to CoinDesk citing a source familiar with the matter, Tether invested $40 million to $50 million in Ledn in November last year, Ledn is a company that offers fiat and stablecoin loans collateralized by Bitcoin, this investment valued Ledn at around $500 million.
The report stated that this investment further expanded Tether's M&A and strategic transaction scale, with the company currently holding stakes in the agribusiness conglomerate Adecoagro and a minority stake in the Juventus Football Club.
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