Galaxy Research: Tether is now the largest CeFi lender in the crypto sector, with loans exceeding $14 billion

Jinse Finance reported that Alex Thorn, Head of Research at Galaxy Research, wrote an article titled "Don’t Underestimate Tether," pointing out that Tether has established a vast range of investments and business operations. In addition to a circulating supply of over 185 billions USDT, the company has also invested in agricultural and robotics companies, operates bitcoin mining and high-performance computing (HPC) data centers, and is developing an AI health application (QVAC) as well as a private communication application (Keet). Furthermore, Alex Thorn disclosed in the latest report that Tether is now the largest centralized finance (CeFi) lending institution in the cryptocurrency sector, with loan volumes exceeding 14 billions USD, and has paid out over 10 billions USD in dividends to shareholders in the first nine months of this year.