Paolo Ardoino, CEO of Tether, said in a statement that the partnership would expand global access to credit without requiring individuals to sell their digital assets. “This approach strengthens self-custody and financial resilience,” he added.
Related article: Tether Appoints Senior HSBC Metals Traders to Advance Gold Portfolio
https://twitter.com/Tether_to/status/1990785750724382900
Cross-domain crypto cooperation
Tether and Ledn have not disclosed the amount of the strategic investment. However, a post on Twitter indicated that Ledn intended to use the funds to ship new products and features, expand into new markets, and seamlessly integrate Tether products into its platform.
https://twitter.com/hodlwithLedn/status/1990799733900583378
Ledn also offers high-interest, growth-oriented savings accounts which support USDC, USDT, and Bitcoin. Combined with the firm’s lending services, which allow individual holders to take out loans backed by their holdings, the firm offers end-to-end crypto growth services.
For its part, Tether has continued its streak of rapid expansion and partner investing. As Coinspeaker reported on Nov. 15, Tether is considering a $1.16 billion investment in German AI-powered robotics firm Neura. The potential deal would reportedly value Neura at around $12 billion.
Tether has also recently announced plans to partner with investment firm KraneShares and El Salvador-based Bitfinex Securities to create blockchain infrastructure for tokenized securities through the formation of a formal alliance.
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