Tether Leads Centralized Finance Lending in Crypto Sector
- Tether is the largest centralized finance (CeFi) lender in the digital asset space.
- Galaxy Digital and Ledn are the second and third-largest lenders, respectively.
- Tether, Galaxy, and Ledn’s combined loan book totaled $9.9 billion by Q4 2024.
- This total represents nearly 89% of the CeFi lending market and 27% of the total crypto lending market.
- The overall CeFi loan book size decreased to $11.2 billion from a high of $34.8 billion in 2022.
By the end of Q4 2024, Tether, Galaxy Digital, and Ledn dominated the CeFi lending market with a combined loan book of $9.9 billion, significantly contributing to both CeFi and overall crypto lending sectors.
Source (2.6)https://dailyhodl.com/2025/04/16/tether-and-coinbase-among-largest-centralized-finance-cefi-lenders-in-crypto-according-to-galaxy-analyst/?rand=59076
