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.
See all 17 pricesPlatform Coin Price Nexo Tether (USDT) 1.00 Bitpanda Tether (USDT) 1.00 EarnPark Tether (USDT) 1.00 Klink Tether (USDT) 1.00 PrimeXBT Tether (USDT) 1.00 Kraken Tether (USDT) 1.00 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.
See all 23 lending ratesPlatform Coin Interest rate Nexo Tether (USDT) Up to 16.00 APY YouHodler Tether (USDT) Up to 20.00 APY Syrup Tether (USDT) Up to 9.40 APY EarnPark Tether (USDT) Up to 25.00 APY Nebeus Tether (USDT) Up to 10.50 APY Neverless Tether (USDT) Up to 14.00 APY 3. Lend Your Tether
Once you’ve chosen a platform to lending your Tether, transfer your Tether into your wallet in the lending 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 lending 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 $4.10 with a 24-hour trading volume of $53.74B. In the last 24 hours, Tether has seen an increase of 6.97%. The market cap of Tether stands at $122.15B, with $123.39B USDT in circulation. For those looking to buy or trade Tether, Nexo offers avenues to do so securely and efficiently}
- Market cap
- $122.15B
- 24h volume
- $53.74B
- Circulating supply
- $123.39B
Latest Articles About Crypto Lending
Community Articles
Tether's Market Capitalization Soars to $113 Billion Following SVB Collapse
Tether, the leading stablecoin issuer, has significantly increased its market dominance following the...