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 bit daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-Step Guide
1. Acquire Tether (USDT) Tokens
To stake Tether, you need to own it. To get Tether, you'll need to buy it. You can select 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.
Platform Coin Staking rewards YouHodler Tether (USDT) Up to 18 APY Klink Tether (USDT) Up to 5.16 APY Binance Tether (USDT) Up to 4.3 APY 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 might 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 USD 5.16 with a 24-hour trading volume of USD 94.23B. The market cap of Tether stands at USD 137.42B, with USD 137.45B USDT in circulation. For those looking to buy or trade Tether, YouHodler offers avenues to do so securely and efficiently
- Market cap
- USD 137.42B
- 24h volume
- USD 94.23B
- Circulating supply
- USD 137.45B