Introduction
Staking Tether can be a great option for those who want to hold USDT but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-step
- 1
Obtain Tether (USDT) tokens
In order to stake Tether, you need to have it. To obtain Tether, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Tether wallet
Once you have USDT, you’ll need to choose a Tether wallet to store your tokens. Here are some good options.
- 3
Delegate your USDT
We recommend using a staking pool when staking USDT. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their USDT, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
- 4
Start validating
You’ll need to wait for your deposit to be confirmed by your wallet. Once it’s confirmed, you’ll automatically validate transactions on the Tether network. You’ll be rewarded with USDT for these validations.
What to be aware of
There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.
Latest movements
Tether (USDT) is currently priced at $1, with a 24-hour trading volume of $66.32B. In the last 24 hours, Tether has experienced a decrease to -0.01. The market cap of Tether stands at $114.27B, with 112.21B in circulation. For those looking to buy or trade Tether, reputable platforms like M2, Wirex, EarnPark, Kraken, Coinbase and BTSE offer avenues to do so securely and efficiently.
- Market cap
- $114.27B
- Volume
- $66.32B
- Circulating supply
- $112.21B
Frequently asked questions about staking Tether (USDT)
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