Lending platforms are witnessing a notable increase in processed loans this year. Ledn reported a $1.65 billion rise in loans compared to the previous year, processing over $437 million in institutional digital asset loans in the third quarter of 2024, marking a 14% increase from the prior quarter. This trend reflects a shift as more institutions consider digital asset-backed loans due to stringent monetary policies and fierce competition for dollar funding. Ledn has facilitated over $6.5 billion in loans since 2018. Additionally, Tether is exploring lending options for commodity trading firms, Grayscale is assessing assets like Dogecoin and Worldcoin for potential investment products, Ripple is partnering with exchanges for its forthcoming RLUSD stablecoin, and Siam Commercial Bank in Thailand is launching stablecoin services to streamline cross-border transactions.

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