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Galaxy Research: Tether Emerges as Largest CeFi Lending Institution with Loan Size Exceeding $14 Billion
Summary: According to Galaxy Research, the research director Alex Thorn published an article on X platform titled 'Don’t Underestimate Tether,' highlighting Tether's extensive investment and business operations. The circulating supply of the US dollar stablecoin USDT issued by Tether has exceeded $185 billion. The company has also invested in agriculture and robotics companies, operates Bitcoin mining ...
According to Galaxy Research, the research director Alex Thorn published an article on X platform titled 'Don’t Underestimate Tether,' highlighting Tether's extensive investment and business operations. The circulating supply of the US dollar stablecoin USDT issued by Tether has exceeded $185 billion. The company has also 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). Additionally, the latest report data revealed by Alex Thorn shows that Tether has become the largest centralized financial (CeFi) lending institution in the cryptocurrency field, with a loan size exceeding $14 billion. In the first nine months of this year, Tether paid out over $10 billion in dividends to shareholders.
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Link: Galaxy Research: Tether Emerges as Largest CeFi Lending Institution with Loan Size Exceeding $14 Billion [Copy]
