Galaxy: Tether is already the largest CeFi lending institution, with a loan scale exceeding 14 billion dollars

Galaxy Research's research director Alex Thorn posted on the X platform titled "Don't Underestimate Tether," in which he pointed out: Tether has established a vast range of investments and business operations, with the circulating supply of its USD stablecoin USDT exceeding $185 billion. The company has also invested in agriculture and robotics companies, operates Bitcoin mining and high-performance computing (HPC) data centers, and is developing AI health applications (QVAC) and a private communication application (Keet).

In addition, Alex Thorn disclosed that the latest report shows Tether has become the largest centralized finance (CeFi) lending institution in the cryptocurrency space, with a loan scale exceeding $14 billion, and has paid over $10 billion in dividends to shareholders in the first nine months of this year.