As of Q4 2024, Tether stands as the leader in the crypto-lending sector, claiming more than 70% of the market share following the collapse of notable platforms like Blockfi and Celsius. Galaxy Digital follows as the second-largest lender, marking a significant shift in the industry landscape.
Tether’s assertiveness in maintaining an overcollateralized lending approach ensures the security of USDT. With claims of no defaults on loans, the current market dynamic indicates a shrinkage in the crypto-lending sector, which is now valued at approximately half its previous size.
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