Ledn issues ABS backed by bitcoin-collateralized loans
Foresight News reported that Ledn, a bitcoin-collateralized lending company backed by Tether, has issued an ABS (asset-backed security) backed by bitcoin-collateralized loans, with Standard & Poor's granting the ABS a BBB- investment rating. Ledn stated that this is the first ABS in the digital asset industry to receive an investment rating.
Ledn indicated that the scale of this ABS issuance is $188 million, with subscription demand twice the issuance amount.
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