💸 The crypto-lending landscape is evolving, and Tether is now leading the charge! Once dominated by dedicated lending companies, Tether has captured over 70% of the market share by Q4 2024. According to a report from Galaxy Digital, Tether emerged as a crucial source of liquidity during recent downturns. Alex Thorn notes, "They have probably been a really much-needed source of liquidity in this market." Despite concerns about risk, Tether assures that all loans are overcollateralized and conservatively managed. "Tether never defaulted on any loan," the firm stated. As the crypto-lending market shrinks following the fall of major players like Celsius and BlockFi, Tether's dominance raises questions about the future of this sector. What are your thoughts on Tether's role in crypto lending? Let us know! 💬