Tether reportedly invested up to $50 million in Ledn at $500M valuation

Tether reportedly invested up to $50 million in crypto lender Ledn, valuing the company at about $500 million, a person familiar with the transaction said.

The person described the previously undisclosed funding as coming from the stablecoin issuer and said the investment set the lender’s valuation at roughly $500 million.

The information was attributed to a person familiar with the transaction; the source did not specify further terms or provide an on-the-record confirmation from the parties involved.

Key Topics

Crypto, Tether, Ledn, Stablecoin Issuer, Crypto Lender, Valuation