# Lenders say bitcoin-backed loans are now covering tuition and business costs as well as trades

Since it launched in 2018, Ledn has issued more than $11 billion in loans backed by bitcoin, and it expects that total to hit $1 trillion in the coming years. That is an ambitious forecast. What matters more than the number is Ledn's explanation for it: a growing share of borrowers want the cash for

| Fact | Value |
| --- | --- |
| Published | 9 October 2026 |

Source: https://egamers.io/lenders-say-bitcoin-backed-loans-are-now-covering-tuition-and-business-costs-as-well-as-trades/