If you are looking for a great investment opportunity, you should consider taking advantage of the chance of earning interest on cryptocurrencies. Instead of HODLing your digital assets and waiting for their value to go up and selling them for a profit, you could lend your coins to borrowers through various crypto loan providers. You can then earn interest payouts that are far better than the interest rates you could get from saving with banks.
How does earning interest on cryptocurrencies work?
Typically, earning interest on cryptos works almost the same way as earning on fiats. It involves crypto loan providers lending out money to borrowers at a higher interest than they pay to the investors who deposited the assets in a savings account. The lenders get the difference in the rates as their profits. However, due to the volatility of the prices of cryptocurrencies, the earnings may fluctuate, but this has been taken care of by the use of stablecoins such as Tether (USDT) whose prices remain stable — hence guaranteeing stable returns.
Benefiting from the USDT Interest Rate
Because Bitcoin and other cryptocurrencies tend to be volatile in prices, you need to consider Tether lending (USDT lending) if you want stability in the interest payments from your assets. This is because the prices for stablecoins like USDT do not fluctuate in the same way as Bitcoin and altcoins.
You could earn impressive interest on stablecoins such USDT, (which range between 5% and 25%) on the majority of crypto exchanges. Since USDT is one of the best stablecoins, you can choose to invest in them and lend them out through reliable exchanges and earn interest on USDT.
Finding the Best USDT Interest Rate
When you want to participate in lending USDT, you need to do your homework first and choose the crypto lending platform offering the best USDT savings account for you. This means the exchange has a better USDT interest rate. You need to use a USDT APY calculator to calculate different aspects of your investment such as expected payouts, the net interest rate, and others.
With that information, you can choose the best platform to invest your Tether to earn interest. While the USDT lending rates matter a lot to the lending platforms because they determine their profits, the interest on the USDT savings accounts matters to you as the investor for determining your returns.
Choosing the Best Crypto Lending Platform
If you are looking to make the USDT interest rate work for you, you need to choose the best crypto lending platform to deposit your coins and earn interest. You need to look for an exchange with the best balance between keeping your funds will be safe and secure and offering the best USDT interest rates. The good news is that you can consider depositing your USDT with YouHodler and get the best returns.
Below are some of the features of YouHodler’s USDT interest-earning account:
- Guaranteed assets security: your assets are 100% safe and secure because the platform uses the best security measures in the industry to store your USDT and other coins. They use a mixture of cold and hot wallets to store your coins for maximum security.
- High-interest rates on your assets: you can earn an interest rate of up to 12.3% USDT per year on YouHodler, which is way better than any “high-yield” conventional bank savings account. Besides, the platform offers tremendous flexibility with your Tether, allowing you to deposit and withdraw your assets anytime, anywhere.
- Weekly interest payouts with no fees: the platform deposits the whole interest amount earned on your USDT savings into your savings account at the close of the weekly settlement period. As the investor, you can withdraw the interest from the savings account or keep it there to earn interest at the end of the next settlement period.
Conclusion
Now you know how you can leverage the USDT interest rate to build your Tether holding. You need to choose a reliable crypto lending platform, deposit your USDT, and earn interest from the coins.
