Introduction
Staking Tether can be a great option for those who want to hold USDT but earn yield in a safe way while contributing to the network. 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 stake 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) $1 M2 Tether (USDT) $0.9999 Uphold Tether (USDT) $1 YouHodler Tether (USDT) $1 Wirex Tether (USDT) $1 EarnPark Tether (USDT) $1 2. Choose a Tether wallet
Once you have USDT, you’ll need to choose a Tether wallet to store your tokens. Here are some good options.
See all 4 staking rewardsPlatform Coin Staking rewards Bitmart Tether (USDT) Up to 3% APY Binance Tether (USDT) Up to 3.1% APY 3. Delegate your USDT
We recommend using a staking pool when staking USDT. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their USDT, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
4. Start validating
You’ll need to wait for your deposit to be confirmed by your wallet. Once it’s confirmed, you’ll automatically validate transactions on the Tether network. You’ll be rewarded with USDT for these validations.
What to be aware of
There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.
Latest movements
Tether (USDT) is currently priced at $5.16 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, Bitmart offers avenues to do so securely and efficiently.
- Market cap
- $119.36B
- 24h Volume
- $25.11B
- Circulating supply
- $119.73B
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