Ledn co-founder Mauricio di Bartolomeo, previously successful in shorting the Venezuelan Bolivar, now sees borrowing against Bitcoin as a more lucrative strategy. By using Bitcoin as collateral for loans, investors can mimic his previous success of holding a stronger currency while borrowing against a weaker one. Ledn, a Cayman Islands-based company, offers Bitcoin holders access to dollar liquidity without selling their BTC. The crypto lending industry has seen significant growth, reaching $30.2 billion by the fourth quarter of 2024. Ledn, Tether, and Galaxy are among the top three centralized finance lenders, dominating 89% of the market. The rise of decentralized finance applications has contributed to the industry's expansion, allowing users to borrow against assets onchain. This trend is supported by the increasing value secured by DeFi lending protocols, indicating a promising future for Bitcoin-backed loans in the crypto market. Read more AI-generated news on: https://app.chaingpt.org/news

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