What has changed?
Starting October 30, 2026, the following changes apply to Ledn clients in Brazil:
Your Transaction Accounts will become accounts that can only be used to support your bitcoin-backed loans.
Loans disbursed in stablecoins will be sent to an external wallet you choose.
Trade and Dual Cryptocurrency Notes (DCNs) are closed to new activity.
Growth Accounts can no longer receive new funds.
Bitcoin-backed loans continue to be available to clients in Brazil.
Why are the changes happening?
Ledn is updating how accounts work for clients in Brazil for two reasons: to prepare for new features coming to clients in Brazil, and as a result of changes to Brazil's virtual asset regulatory framework.
These changes allow Ledn to keep offering bitcoin-backed loans in Brazil and to bring more products to clients in Brazil in the future.
How are my Transaction Accounts changing?
Starting October 30, 2026, your Transaction Accounts will become accounts that can only be used to support your bitcoin-backed loans.
These accounts will allow you to:
Receive bitcoin deposits for the sole purpose of taking out or managing a Ledn loan.
Receive stablecoin deposits in the 30 days before your loan matures, so you can pay interest and fees. This will be available later in 2026.
These accounts will not:
Hold or receive stablecoin loan disbursements. These are sent to an external wallet you choose.
Be used for Trade or Dual Cryptocurrency Notes (DCNs).
Do I need to do anything?
Most of these changes need no action from you.
If you plan to take a loan disbursed in stablecoins after October 30, 2026, you will need an external wallet address to receive the funds. You can learn how to add a wallet to your safelisted addresses here.
What happens to Trade and Dual Cryptocurrency Notes (DCNs)?
Starting October 30, 2026, Trade and DCNs are closed to new activity. Your existing Trade and DCN balances and positions are not affected.
What happens to my Growth Account?
Starting October 30, 2026, Growth Accounts can no longer receive new funds.
Any existing balance can stay in your Growth Account and continue to earn interest.
If you withdraw funds from your Growth Account, you will not be able to add them back.
Can I repay my loan in stablecoins?
Later in 2026, you will be able to repay your bitcoin-backed loan in select stablecoins.
You will be able to make stablecoin deposits up to 30 days before your loan matures. This lets you pay interest and fees ahead of maturity.
Until then, you can continue to repay your loan using your BTC collateral or a wire transfer.
What is not changing?
You can still take out a bitcoin-backed loan, repay it with bitcoin and redeem your collateral.
Auto Top-Up remains available if you choose to activate it.
Existing balances and positions in Growth Accounts, Trade and DCNs are not wound down. Only new activity stops.