Galaxy Research: Tether's lending volume exceeds $14 billion, making it the largest CeFi lender.
TL;DR
Galaxy Research highlights Tether's extensive operations beyond USDT, including investments in agriculture, robotics, Bitcoin mining, and AI health apps. It is now the largest CeFi lender with over $14 billion in loans and paid $10 billion in dividends in nine months.
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.