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Tether Invests in Ledn to Expand Bitcoin-Backed Lending

Tether has made a strategic investment in Ledn, a leading provider of bitcoin-backed consumer loans, to enhance access to credit secured by digital assets. The amount of the investment has not been disclosed, but it aligns with Tether's goal of expanding real-world financial services utilizing digital asset infrastructure. Ledn has reportedly originated over $2.8 billion in BTC-backed loans since its inception, marking a significant milestone with $1 billion focused on 2025 alone. As the crypto-backed lending market is projected to grow nearly eightfold by 2033, this investment positions Ledn to meet the surging demand for liquidity without requiring users to sell their Bitcoin. The company has successfully navigated challenges faced by other lending firms in 2022 and is poised for its strongest operational year to date. Tether's CEO noted that this investment underscores a commitment to empowering users through self-custodial credit solutions.

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Bitcoin charts flag $75K bottom, but analysts predict 40% rally before 2025 ends

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Bitcoin ATM Company Founder Charged in Alleged $10 Million Money Laundering Scheme

Firas Isa, the founder of Virtual Assets LLC, was charged by federal prosecutors in Chicago for orchestrating a money laundering conspiracy involving at least $10 million. The indictment alleges that Isa converted proceeds from fraud and narcotics into cryptocurrency through a network of cash-to-cryptocurrency ATMs dubbed Crypto Dispensers. Despite regulatory

Bitcoin ATM Company Founder Charged in Alleged $10 Million Money Laundering Scheme

Federal prosecutors in Chicago have charged Firas Isa, founder of Virtual Assets LLC, with a conspiracy to launder at least $10 million of illicit funds through a Bitcoin ATM network. The indictment claims Isa converted proceeds from fraud and narcotics into cryptocurrency, subsequently transferring these assets to various digital wallets.

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