PANews reported on November 18 that Tether announced a strategic investment in Ledn, a Bitcoin mortgage lending market, to expand its Bitcoin mortgage lending business opportunities.

According to reports, Ledn's infrastructure encompasses custody, risk management, and clearing systems. Since its inception, Ledn has issued over $2.8 billion in Bitcoin-secured loans, including over $1 billion in 2025, marking its strongest annual performance to date. In the third quarter of 2025 alone, Ledn issued $392 million in loans, almost equaling its total for the entire year of 2024. The company now reports that its annual recurring revenue (ARR) has exceeded $100 million, highlighting the continued growth in market demand for secure Bitcoin-secured loan products.