How To Earn Good Interest On Tether — Hometown Station | KHTS FM 98.1 & AM 1220 — Santa Clarita Radio

There are so many crypto assets out there that it’s sometimes difficult to keep track of all of them. With the exception of Bitcoin and a few other cryptocurrencies, most trade pairs are offered on a limited number of exchanges, and those that are tend to suffer from extreme price volatility. The tether dollar is a token with a dollar value that is issued by Tether Limited. It can be exchanged through the Omni Layer Protocol, open-source software that runs on the Bitcoin blockchain. The main purpose of this token is to facilitate transactions between cryptocurrency exchanges and their users who want to hold money in dollars.

Tether is a cryptocurrency that is pegged to the US dollar. It is a stable coin and it claims to be backed by the US dollar in their bank account. The token trades at a dollar on most exchanges, but if you were to ask them how much they have in their bank account, they would tell you one dollar for every token in circulation.

Steps to Earn Good Interest on Tether (USDT)

If you’re looking for a way to make good interest on your money, tether is a great option. It allows you to hold on to the value of the dollar while still earning interest.

1. Choose a platform. If your aim is to gain interest by lending out your USDT, then you need to choose a crypto lending platform. Some options are Celsius and Compound. If you are looking at fixed savings and staking, then there are crypto exchange platforms like Coinbase, Binance, and Crypto.com or https://bitcoin-up.live/ that you could choose from.
2. Confirm your identity. Some platforms won’t require you to verify your identity, but if the one you picked requires you to verify your identity, then you would have to. Once the verification process is completed, you can now buy or transfer USDT.

Here are a couple of ways you can earn good interest with your newly acquired USDT. You obviously won’t leave it sitting around. We need the interest in full, and this brings us to step three.

3. Investing in a cash pool with your USDT. A cash pool is basically like a fixed investment. Crypto.com has a minimum lock-up time of 1 month. Binance also offers USDT staking alongside other cryptocurrency pairs. Another option is to use BlockFi. BlockFi offers a $250 sign-up bonus and a 7.5% interest rate. So far, so good, Crypto.com offers the best rate of 10% for USDT. While staking can be relatively safe, there is always a risk of volatility. The value of the coin may drop, and you won’t be able to sell your investment or pull out because the funds are locked in the cash pool. However, this is not a risk for stable coins like Tether. Tether holders can also earn good interest from investing their tether with investment companies. Midas. Investments offers up to 19% APY (Annual Percentage Yield) on tether with no minimum or maximum deposit.
4. Compound your USDT interest. To earn compound interest, you must continually reinvest your returns from crypto savings and staking. Binance makes this easy with its auto-subscription feature. When you subscribe to flexible savings or binance staking, Binance sends your interest to your spot wallet daily. You can automate compounding with the auto subscribtion feature. Binance will take the interest earned and subscribe it back into flexible savings.
5. Earn a high rate of return on your investment through crypto lending. Celsius is a good platform for this. On Celsius, your tether could earn up to 11.21% APY. The Celsius app is beginner-friendly and easy to navigate, so if you just want to earn passive income from your USDT holding, this is a good way to do it. Celsius permits you to access vital features, ratings, and calculate your potential annual interest. Other crypto lending platforms are Coin Loan (12.3% APY), CoinDCX, which has a 14.01% APY and a maximum deposit of 7588 USDT. There are many more credible platforms where you can earn interest by lending your USDT. The benefit of lending with a tether is that its value wouldn’t fluctuate.