Sources familiar with the matter say Tether's investment in Ledn is approximately $40 million to $50 million, valuing the company at around $500 million.

Last November, when stablecoin issuer Tether announced a "strategic investment" in Ledn, it chose to keep the details confidential. Sources familiar with the matter revealed that Tether actually paid between $40 million and $50 million in the investment. Ledn is a company that provides fiat and stablecoin loans backed by Bitcoin, and this investment valued Ledn at approximately $500 million.