Tether’s Dominant Position: Unpacking the Crypto Lending Landscape

Tether, a prominent stablecoin issuer, holds a commanding share of the cryptocurrency lending market, according to market data. Analyses reveal that Tether leads the pack in terms of credit provision, followed closely by Galaxy Digital and Ledn, representing significant investment within the sector. Together, these institutions have amassed a substantial credit portfolio valued at $9.9 billion in Q4 2024, highlighting their dominant influence on centralized financial credit markets.