Does Tether Pay Interest – What Crypto Enthusiasts Should Know
Tether (USDT) is a stablecoin that has gained popularity in the modern crypto world. It is among the top ten cryptocurrencies by market share. Hence, both novices and advanced enthusiasts know something about this crypto.
Apart from trading USDT, you can also hold (save on a crypto platform) and earn Tether APR in return. So, if you have this question: does Tether pay interest? The simple answer is yes. The APR varies on different platforms, so you should consider one that works best for you.
How to Get Started with Tether Interest
Does Tether pay interest? Since you know it does, it’s time to explore the available options to get USDT’s best APY. But before you do, you need to know how to register for an account.
First, get a reliable USDT saving account with a high interest rate offer and read their terms and conditions. If you are okay, register an account to start saving Tether.
From here, you can either transfer USDT from your secure digital wallet or buy directly on the platform using the available payment options. This will enable you to start earning interest immediately.
Using Tether Interest Calculator
A tether calculator will help you find the exact amount of interest on tether you will get by the end of the period you intend to save. It factors in the platform’s charges and any other expected expenses.
The good thing is that a reliable platform will have an up-to-date calculator right on their website for you to use. What’s more is that you do not need to have an account to use a Tether interest calculator.
Where to Earn Tether Interest
- YouHodler – Does Tether pay interest on YouHodler? Yes, it does. This is one of the most popular crypto saving platforms to invest your Tether in. Believe it or not, the platform pays a whopping 12.3% APY, which is far much more than in many other platforms. If you have idle USDT, invest in this platform.
- Crypto.com – Lending Tether on this platform with paying you a high interest of 12% APY and more for other stablecoins. It is also a popular and secure financial management platform that you can trust with your digital assets. So, if you intend to hold your Tether for some time, consider using this.
- Hodlnaut – The name is coined from “hodling” or holding, which allows investors to earn interest on their crypto including Tether. Join Hodlnaut to earn up to 13.5% APY on your Tether, which is compounded every day.
- BlockFi – This platform pays just 8.5% APY Tether interest, but you can rest assured that it has many other benefits. So, it is worth trying, especially if you already have an account and have been using their other services. Just like YouHodler, it secures your digital assets very well until you claim them back.
Does Tether pay interest? Yes, it does. The above information confirms that you can earn a lot of interest if you have more Tether and save for longer. The most important thing is to choose the platform with the best offer for you.