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Centralized finance lending just hit a massive milestone. Outstanding loans across CeFi platforms reached $25 billion in Q3 2025 — the strongest quarter since early 2022.



What's driving this surge? Tether's absolutely crushing it, controlling roughly 60% of all open loans in the market. That's a dominant position by any measure.

The recovery in lending volumes signals renewed confidence in centralized lending infrastructure after years of cautious rebuilding. Institutional demand appears to be bouncing back, and USDT's liquidity continues to make it the go-to collateral for major borrowers.

Worth watching how this trend plays out heading into 2026.
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IfIWereOnChainvip
· 6h ago
Is Tether that amazing? A 60% market share is a bit outrageous... It feels like they are using liquidity to monopolize the entire CeFi circle.
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GateUser-c799715cvip
· 6h ago
USDT is so powerful, dominating 60%, it feels like CeFi lending is about to be taken over by USDT.
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StableCoinKarenvip
· 6h ago
Oh my, Tether has a 60% market share, is this going to lead to a monopoly?
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BTCBeliefStationvip
· 6h ago
The 60% share of Tether is really astonishing, the level of monopoly is a bit scary, one must be cautious of the risks.
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