Techub News reports that Ledn announced on Twitter that its Bitcoin-backed loan company, which received investment from Tether, has issued ABS (Asset-Backed Securities) backed by Bitcoin loans, and has been awarded a BBB- investment rating by Standard & Poor's. Ledn stated that this is the first ABS in the digital asset industry to receive an investment rating. The issuance size is $188 million, with subscriptions reaching twice the issuance amount.
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Techub News reports that Ledn announced on Twitter that its Bitcoin-backed loan company, which received investment from Tether, has issued ABS (Asset-Backed Securities) backed by Bitcoin loans, and has been awarded a BBB- investment rating by Standard & Poor's. Ledn stated that this is the first ABS in the digital asset industry to receive an investment rating. The issuance size is $188 million, with subscriptions reaching twice the issuance amount.