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Tether Invests $40-50 Million in Bitcoin Collateralized Loan Company Ledn Last Year
Summary: According to sources cited by CoinDesk, Tether invested $40-50 million in Ledn in November last year. Ledn is a company that provides fiat and stablecoin loans collateralized by Bitcoin, with this investment bringing Ledn's valuation to around $500 million. The report states that this investment further expands Tether's M&A and strategic transaction scale, with the ...
According to sources cited by CoinDesk, Tether invested $40-50 million in Ledn in November last year. Ledn is a company that provides fiat and stablecoin loans collateralized by Bitcoin, with this investment bringing Ledn's valuation to around $500 million. The report states that this investment further expands Tether's M&A and strategic transaction scale, with the company currently holding stakes in agricultural conglomerate Adecoagro and a minority stake in Juventus Football Club.
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Link: Tether Invests $40-50 Million in Bitcoin Collateralized Loan Company Ledn Last Year [Copy]
