Galaxy Research: Tether's lending volume exceeds $14 billion, making it the largest CeFi lender.

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According to Odaily Odaily, Alex Thorn, head of research at Galaxy Research, published an article on the X platform titled "Don't Underestimate Tether," pointing out that Tether has established a vast investment and business operations.

Tether's USDT stablecoin has a circulating supply exceeding $185 billion. The company also invests in agriculture and robotics companies, operates Bitcoin mining and high-performance computing (HPC) data centers, and develops AI-powered health applications (QVAC) and a private messaging application (Keet). Furthermore, recent reports show that Tether is the largest centralized financial (CeFi) lender in the cryptocurrency space, with loans exceeding $14 billion and paying over $10 billion in dividends to shareholders in the first nine months of this year.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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