Tether has taken a strategic stake in Ledn to boost bitcoin-backed consumer loans amid rising demand, the companies said Tuesday. The move highlights growing stablecoin involvement in crypto lending markets.

Bitcoin's bullish future gains support as Michael Saylor forecasts a surge to $150,000 by 2025 and potentially $1 million in the next 4-8 years, boosted by institutional adoption and evolving market infrastructure.

JPMorgan Chase is gearing up to offer loans backed by clients' Bitcoin and Ethereum holdings, signaling a notable shift in the banking giant's approach to cryptocurrencies. This new offering is set to roll out potentially as early as next year, reflecting growing acceptance of digital assets in traditional finance.