Tether (USDT) is a stablecoin that, together with others, keeps cryptocurrencies stable. It is pegged to the US dollar at a ratio of 1:1. Just like other cryptos on the market, you can invest in USDT in several ways: trading, saving to earn interest and lending. The last two will give you Tether interest that differs from the platforms many are already using.
If you know the best crypto lending and savings platforms, you can get the best USDT interest rate that is paid every week. The interest is calculated by annual percentage yield (APY), which could go as high as 15% on some platforms. That said, we will look at different crypto lending and savings platforms to help you know the best USDT interest rate.
Try the Best USDT Interest Rate on Nexo
If you are not planning to sell your USDT for some time, you could earn some passive income from it. Lending USDT to Nexo earns up to 12% APY through their high-yield account. The account-opening process on the Nexo website is very easy for both newbies in crypto and those who want to switch from other platforms.
You can learn more about how much you should invest to earn the most interest once you get started. But one thing is for sure; Nexo offers the best USDT interest rate that will entice you.
Check the Interest Rate on Hodlnaut
Hodlnaut lists Tether APY at 12.7%, which is significantly higher than yield-earning traditional banks. It is also competitive compared to other crypto savings and lending platforms. Whether you are a rookie crypto investor looking to get the best USDT interest rate or an experienced enthusiast, this platform will give you the best anchor for your investment.
Hodlnaut offers other benefits that make it very popular. For instance, they boast bank-level security on all digital assets, and they give their investors the freedom to withdraw their interest regularly.
The Best USDT Interest Rate on YouHodler
YouHodler is a large cryptocurrency management platform, and some of its products include excellent crypto savings and lending options. Investors can use a variety of digital assets such as Bitcoin, Ethereum, and Tether among others. In return, they earn interest on USDT or any other crypto they save.
According to the YouHodler website, investors earn up to 12.3% APY, which is competitively high. The platform has gained a great deal of popularity because of guaranteed asset security and the ability to take control of your digital assets. Furthermore, investors can access interest every week and withdraw it in whichever currency or crypto they want.
Check the Interest Rate on CoinLoan
This is another crypto lending platform where you can earn up to 12% APY. Such an appealing savings interest rate can be achieved as a result of their USDT lending rate. Frankly, this is very competitive, and investors who open an account with CoinLoan have a lot more to benefit from. Their website crypto calculator guides you on how much you will earn at the end of the period when you want to save.
Investors who are looking for the best USDT interest rate can try this platform and withdraw their interest regularly. The good thing is that there is no minimum or maximum deposit. If you are worried about the security of your digital assets, CoinLoan has high levels of guaranteed data security.
BlockFi Interest Rate
Instead of keeping your Tether or any other crypto in a wallet, you can save it on BlockFi. You will earn interest of up to 8% APY, which is far better than many traditional banks. Although the rate is slightly lower than some other platforms we have discussed here, the platform has enticing bonuses for newbies and those who save a lot.
Apart from having the best USDT interest rate, BlockFi has earned trust from users across the world due to its high security, flexibility, and transparency. Investors usually access their USDT to earn interest on their account, and they can withdraw it regularly.
Conclusion
If you have been wondering how to earn USDT interest, now you know where to get the best USDT interest rate. So, if you have Tether or any other crypto that you are not using, save it on these platforms to enjoy their competitive interest rates, and you will not regret it. You can rest assured that your crypto is secure.
