Tether and Coinbase Among Largest Centralized Finance (CeFi) Lenders in Crypto, According to Galaxy Analyst

  • Stablecoin issuer Tether is the largest centralized finance lender (CeFi) in the digital asset space, according to new analysis. Zack Pokorny, a research analyst at the crypto investment giant Galaxy Digital, notes that Galaxy and the Bitcoin (BTC) lending firm Ledn were the second and third-largest lenders, respectively.