Introduction
Lending Mapped USDT can be a great option for those who want to hold USDT but earn yield. 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 Guide
1. Obtain Mapped USDT (USDT) Tokens
In order to lend Mapped USDT, you need to have it. To obtain Mapped USDT, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price Kucoin Mapped USDT (USDT) 1 2. Choose a Mapped USDT Lender
Once you have USDT, you'll need to choose a Mapped USDT lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate Kucoin Mapped USDT (USDT) Up to 100% APY 3. Earn Mapped USDT
Once you've chosen a platform to earning your Mapped USDT, transfer your Mapped USDT into your wallet in the earning platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.
4. Earn Interest
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your earning platform pays compounding interest to maximise your returns.
What to be Aware of
Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don't lend more than you're willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.
Latest Movements
Mapped USDT (USDT) is currently priced at $100 with a 24-hour trading volume of $2,307.09. For those looking to buy or trade Mapped USDT, Kucoin offers avenues to do so securely and efficiently}
- 24h volume
- $2,307.09