Galaxy Research: Tether is now the largest CeFi lender in the crypto space, with lending exceeding $14 billion.
Galaxy Research research director Alex Thorn wrote an article titled "Don’t Underestimate Tether," pointing out that Tether has established a vast range of investments and business operations. In addition to a circulating supply of USDT exceeding $185 billion, the company has invested in agriculture and robotics companies, operates Bitcoin mining and high-performance computing (HPC) data centers, and develops AI health applications (QVAC) and a private communication app (Keet). Furthermore, Alex Thorn revealed that the latest report shows Tether is the largest centralized finance (CeFi) lender in the cryptocurrency field, with loans exceeding $14 billion, and has paid more than $10 billion in dividends to shareholders in the first nine months of this year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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