Introduction
Staking Tether can be a great option for those who want to hold USDT but earn yield in a safe way whilst contributing to the network. The steps can be a bit daunting, particularly the first time you do them. That’s why we’ve put this guide together for you.
Step-by-Step Guide
1. Obtain Tether (USDT) Tokens
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.
Platform Coin Staking rewards YouHodler Tether (USDT) Up to 18 AER Klink Tether (USDT) Up to 5.16 AER Binance Tether (USDT) Up to 4.3 AER 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 may 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 US$4.3 with a 24-hour trading volume of US$94.23B. The market cap of Tether stands at US$137.42B, with US$137.45B USDT in circulation. For those looking to purchase or trade Tether, YouHodler offers avenues to do so securely and efficiently}
- Market capitalisation
- US$137.42B
- 24-hour volume
- US$94.23B
- Circulating supply
- US$137.45B