Where & how to lend Tether (USDT)

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. 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
   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

   See all 18 prices

2. 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
   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

   See all 23 lending rates

3. 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. 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.