Tether exports Stablecoin is an important position among central financial credit providers in the field of crypto assets. Market data show that Tether’s credit portfolio has a strong share in the sector.
Tether’s market location
According to the analysis, Tether are the second and third largest credit providers, respectively, Galaxy Digital and Ledn, respectively. The sum of the credit portfolios of the three institutions was recorded in the fourth quarter of 2024 worth $ 9.9 billion. This figure points to an important share in the central financial credit market.
It is noteworthy that the total portfolio constitutes approximately 89 %of the central financial sector and corresponds to 27 %of the crypto credit market. Coinbase’s credit portfolio, the American crypto exchange, represents the fourth place. Data give an idea of the current situation of competition in the sector.
Galaxy Digital’s Research Manager Alex Thorn said that the size of the central financial credit portfolio at the end of last year was $ 11.2 billion, and that this figure decreased by 68 %of $ 34.8 billion recorded in 2022. This indicates the challenging processes in which the sector has passed.
Cefi and Defi Credit Trends
On the other hand, the impact of decentralized finance applications in the crypto asset market has increased. As of the end of 2024, there is a total of $ 19.1 billion open loan on different networks and 20 credit applications. This figure reveals the expansion of non -central systems in the area of credit.
In addition, an increase of 959 %has been observed in the last two years in non -decentralized credit applications. This shows that the recovery and interest in the market become more pronounced in the defi field.
Zack Pokorny: “Defi credit demand showed stronger recovery compared to Cefi. Blockchain-based applications can be maintained despite the unauthorized structure and market conditions, the maintenance of credit services is one of the main reasons for this recovery. reveals the importance of their mechanisms. ”
The data show that the credit market in the crypto asset sector is going through both decrease and recovery periods. Central Finance and non -central financial systems are experiencing significant competition and transformation. The sector continues to be reshaped with developing risk management and technological infrastructures.
The results of the analysis reveal that different trends are observed in the digital asset credit market. The market continues to evolve with various risks and strategy models under the current conditions, and strategies followed by the actors may become more pronounced in the future.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
