📊 #USDT CeFi lending experienced its first contraction since Q3 2024, declining 6% QoQ to 💵$23.3B.

Tether still holds 68% of the market despite a 7% pullback. Nexo, Maple, and Coinbase were the only lenders that saw growth.

Galaxy and Ledn faced significant losses, down 21% and 19%, respectively.

Full report.
$USDT

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