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CoinVoice has learned that, according to a report by CoinDesk citing an insider, 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. This investment brought Ledn's valuation to approximately $500 million.
The report states that this investment further expanded Tether's M&A and strategic transaction scale. The company currently holds a controlling stake in agricultural conglomerate Adecoagro and a minority stake in Juventus Football Club.