Tether said to have invested up to $50 million in crypto lender Ledn at $500 million valuation
Tether has reportedly invested up to $50 million in the cryptocurrency lender Ledn, which is valued at $500 million. This investment aligns with Tether's strategy to diversify its portfolio and support the growth of the crypto lending sector. Ledn offers services such as Bitcoin-backed loans and interest accounts, catering to the increasing demand for crypto financial services. The partnership is expected to enhance Ledn's offerings and expand its market presence.
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