Tether Emerges as Leader in Crypto-Lending Sector
- Tether is now the leading entity in the crypto-lending market.
- Galaxy and Ledn follow Tether in market prominence.
- The sector has seen consolidation after Blockfi, Celsius, and Genesis collapsed.
- Crypto-lending involves providing liquidity backed by cryptocurrency assets.
Tether has taken the lead in the crypto-lending arena, surpassing competitors like Galaxy and Ledn. This shift comes after a significant consolidation phase following the downfall of major players such as Blockfi, Celsius, and Genesis.
Source (2.6)https://news.bitcoin.com/an-unlikely-contender-emerges-as-a-leader-in-the-crypto-lending-arena/?rand=52384
