A circuit can be used for controlling a plurality of LEDs coupled in series. A switching converter operates as a current source coupled to the plurality of LEDs to provide a constant load current thereto. The switching converter includes an inductor coupled in series with the plurality of LEDs such that the same load current flows through the inductor and the plurality of LEDs. No substantial capacitance is coupled between the inductor and the plurality of LEDs. A floating driver circuit is coupled in parallel with each individual LED of the plurality of LEDs. The floating driver circuit is configured to fully or partially take over the load current thereby bypassing the respective LED in accordance with a respective modulated input signal to control the intensity of the light emitted by the LED.