Tether invested $40-50 million in the Bitcoin lending company Ledn last year
According to a report by CoinDesk citing an informed source, Tether invested between $40 million and $50 million in Ledn last November. Ledn is a company that offers fiat and stablecoin loans backed by Bitcoin, and this investment brought Ledn's valuation to approximately $500 million.
The report states that this investment further expanded Tether's mergers and strategic transactions, as the company currently holds a controlling stake in agricultural conglomerate Adecoagro and a minority stake in Juventus Football Club.
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