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
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 18 pricesPlatform Coin Price Bitpanda Tether (USDT) $0.9997 M2 Tether (USDT) $0.9998 Uphold Tether (USDT) $1 YouHodler Tether (USDT) $0.9999 Wirex Tether (USDT) $1 EarnPark 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.
See all 23 lending ratesPlatform Coin Interest rate Nexo Tether (USDT) Up to 16% APY M2 Tether (USDT) Up to 10% APY Syrup Tether (USDT) Up to 10.01% APY YouHodler Tether (USDT) Up to 20% APY Wirex Tether (USDT) Up to 15% APY EarnPark Tether (USDT) Up to 25% 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 $10 with a 24-hour trading volume of $25.11B. The market cap of Tether stands at 119.36B, with $119.73B USDT in circulation. For those looking to buy or trade Tether, Nexo offers avenues to do so securely and efficiently.
- Market cap
- $119.36B
- 24h Volume
- $25.11B
- Circulating supply
- $119.73B
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