How to Earn Tether (USDT): A Step-by-Step Guide

Introduction

Lending Tether 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 Tether (USDT) Tokens
In order to lend Tether, you need to have it. To obtain Tether, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Nexo Tether (USDT) 1
EarnPark Tether (USDT) 1
YouHodler Tether (USDT) 1
Binance Tether (USDT) 1
BTSE Tether (USDT) 1
Kraken Tether (USDT) 1
See all 45 prices

Platform	Coin	Price
Nexo	Tether (USDT)	1
EarnPark	Tether (USDT)	1
YouHodler	Tether (USDT)	1
Binance	Tether (USDT)	1
BTSE	Tether (USDT)	1
Kraken	Tether (USDT)	1

2. Choose a Tether Lender

Once you have USDT, you'll need to choose a Tether lending platform to lend your tokens. You can see some options here.

Platform	Coin	Interest rate
Nexo	Tether (USDT)	Up to 16% APY
Nebeus	Tether (USDT)	Up to 13% APY
EarnPark	Tether (USDT)	Up to 35% APY
YouHodler	Tether (USDT)	Up to 20% APY
Syrup	Tether (USDT)	Up to 10.48% APY
Neverless	Tether (USDT)	Up to 14% APY

See all 42 lending rates

3. Earn Tether
Once you've chosen a platform to earning your Tether, transfer your Tether 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

Tether (USDT) is currently priced at $10.48 with a 24-hour trading volume of $94.23B. In the last 24 hours, Tether has seen an increase of 0.01%. The market cap of Tether stands at $137.42B, with 137.45B USDT in circulation. For those looking to buy or trade Tether, Nexo offers avenues to do so securely and efficiently

Market cap: $137.42B
24h volume: $94.23B
Circulating supply: 137.45B USDT

See latest information

Frequently Asked Questions About Tether (USDT) Lending

What is Tether (USDT) and how does it maintain its 1:1 value with the U.S. dollar?: Tether (USDT) is a stablecoin designed to maintain a value close to $1 USD. It achieves this by pegging USDT to fiat reserves and issuing digital tokens against those reserves. Tether Limited has stated that each USDT is backed by cash or cash equivalents held in reserve, intended to anchor the token’s value to the US dollar. In practice, users can swap USDT for USD or other currencies on many exchanges, which provides a stable unit of account and a liquidity bridge for trading cryptocurrencies. It’s important to note that while Tether has claimed full 1:1 backing, third-party audits and reserve disclosures have been a point of discussion in the community, so investors should stay informed about reserve transparency and regulatory developments.
Where can I use USDT, and what are the best practices for transferring or storing it securely?: USDT is widely supported across major crypto exchanges and wallets. You can trade USDT for other cryptocurrencies, convert it to fiat via the Tether platform, or withdraw it to a compatible wallet. When transferring USDT, choose the appropriate blockchain or protocol variant (for example, Omni Layer, Ethereum ERC-20, Tron TRC-20, Solana, etc.), as fees, speed, and compatibility vary by network. For storage, use a reputable wallet that supports the USDT variant you hold. Hardware wallets (like Ledger or Trezor when paired with compatible software) are the safest option for long-term holdings, while software wallets are convenient for active trading. Always verify recipient addresses, enable two-factor authentication on exchange accounts, and consider temperature-controlled storage in rounds of funds to minimize security risks.
What are the risks and considerations I should know before using USDT for trading or liquidity provisioning?: Key considerations include reserve transparency and regulatory risk, as opinions and audits around Tether’s backing have evolved over time. While USDT offers stability relative to volatile crypto markets, it is not risk-free—regulatory actions, reserve disclosures, or operational issues at Tether Limited could impact liquidity. Traders should watch for minting and redemption mechanics, understand any fees charged by exchanges or wallets for conversions, and be aware of network-driven risks such as double-spend threats or blockchain congestions on specific USDT variants. Diversifying across stablecoins or using fiat on-ramps when feasible can help mitigate single-asset risk. Finally, assess liquidity depth on the trading venues you use to ensure you can enter and exit positions without slippage during high-volatility periods.