Galaxy Research: Tether is now the largest CeFi lender, with over $14 billion in loans currently outstanding.

PANews reported on December 13 that Alex Thorn, research director 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 scope. The circulating supply of its USDT stablecoin has exceeded $185 billion. The company also invests in agricultural and robotics companies, operates Bitcoin mining and high-performance computing (HPC) data centers, and develops an AI health application (QVAC) and a private communication application (Keet).

In addition, Alex Thorn disclosed in his latest report that Tether is already the largest centralized finance (CeFi) lender in the cryptocurrency space, with a loan volume of over $14 billion and paid over $10 billion in dividends to shareholders in the first nine months of this year.