With $868 million in BTC-backed loans secured by 18,488 BTC held 100% in custody and an average LTV of 55%, Ledn establishes a repeatable transparency benchmark.
A former partner of Farmington State Bank, the tiny rural bank embroiled in the FTX scandal, is now building the rails for CBDCs in the Middle East and beyond. Their recent activities may finally reveal the true motives behind Sam Bankman-Fried’s and his allies’ use of Farmington, with major implications for the coming Digital Dollar.