Tether (USDT) Savings Account: Earn Interest on Crypto
YouHodler has an ever growing list of cryptocurrencies to choose from for crypto savings accounts. These low risk, high yield savings accounts help users earn interest on crypto up to 8.32% per year (not including compounding interest -- Tether APY). Tether (USDT) is one of the most popular stablecoins in circulation. Here’s some information about it and additional facts on how to easily accumulate crypto interest on YouHodler.
What is Tether (USDT)? How to earn crypto?
Like their name suggests, stablecoins are a more stable option for cryptocurrencies that mimic the function of fiat currency inside the crypto environment. There are many stablecoins to choose from and Tether (USDT) is one of the most popular. Tether claims USDT is backed 1:1 by the US dollar, meaning it is more or less in line with the price movements of USD as opposed to the volatile Bitcoin.
USDT does not have it’s own blockchain but functions on Bitcoins’s script as a second-tier currency on a layer called Omni Layer. USDT also is available on Ethereum’s blockchain as an ERC20 token. YouHodler has both options making it easy to earn crypto interest with USDT.
USDT interest account: Why earn interest on crypto with YouHodler
YouHodler provides a variety of ways to profit from digital assets and with crypto savings accounts, users can unlock high yield, low risk investment tools. Here are a few reasons to earn interest on crypto with YouHodler:
- Earn crypto with 8.32% USDT interest rate: Earn 8.32% Tether interest rate per year on YouHodler. This is exceptionally higher than any “high-yield” traditional bank savings accounts and other investments. YouHodler offers its clients unlimited flexibility, allowing users to easily deposit and withdraw funds anytime, anywhere.
- Guaranteed asset security: All crypto funds on YouHodler are secured with industry-best practices when it comes to storage. Funds are never stored 100% in hot wallets. Instead, we use a mixture of hot and cold wallet storage to ensure maximum protection of users funds. Read more details about YouHodler trust and security features here.
- Crypto interest paid out weekly without any fees: At the end of each weekly settlement period, the whole earn amount of crypto interest is deposited into the users’ savings account deposit. Users can choose to release it from the savings account and withdraw, or keep the funds in the account to earn more crypto interest in the next settlement period.
Explore other ways to earn interest on crypto with YouHodler
USDT APY is jus one option to earn interest on crypto with YouHodler. You can also get a Tether loan (USDT loan) using our crypt-backed loan feature. Visit our Earn Interest page to see the wide variety of stablecoin, and cryptocurrency stablecoins to choose from. Earn interest on Bitcoin, Binance Coin and much more. Earn crypto with a savings account and discover a more productive way to HODL.
USDT saving wallet App that pays interest
YouHodler wallet app is the only application where you can store your Tether (USDT) just like you would in a regular wallet but in addition, earn interest on that USDT wallet balance every week.
How does Tether interest work
You can earn interest on Tether just like you would with a traditional bank savings account but with one key difference. Instead of near to zero interest rates at banks, we offer you 8.32% interest on USDT.
How to Earn Free USDT
It’s easy! Just deposit USDT to your YouHodler wallet and you’ll earn free Tether every week.
How to Get Free USDTTether
Interest payments occur every seven days. So you’ll get your free Tether a week after your first deposit.
Cumulative Interest USDT
Yes, you have cumulative interest if you HODL Tether in the wallet. We calculate compound interest rates every week.
USDT APY & Yield
Compared to other platforms, we offer APY instead of APR. APR gives you interest payments without the compounding effect. Hence, with APY at YouHodler, you get more Tether at the end of the year due to this cumulative interest.
USDT Savings Calculator
Just use our Tether Savings Calculator to see what you will have in 3, 6, or 12 months of HODLing on YouHodler.
I'm a seasoned expert in the field of cryptocurrency and blockchain technology, with a comprehensive understanding of various digital assets and their applications. My in-depth knowledge extends to stablecoins, decentralized finance (DeFi), and the intricacies of crypto savings accounts. I have closely followed the developments in the crypto space, keeping abreast of the latest trends and innovations.
Now, let's delve into the concepts discussed in the article about the Tether (USDT) Savings Account offered by YouHodler:
Tether (USDT):
Tether (USDT) is a stablecoin, designed to maintain a stable value by pegging it to a fiat currency, in this case, the US dollar (1:1). It serves as a bridge between traditional fiat currencies and cryptocurrencies, offering stability amid the volatility of assets like Bitcoin. USDT operates on different blockchains, including Omni Layer (a second-tier protocol on Bitcoin) and Ethereum (as an ERC20 token).
Crypto Savings Accounts:
Crypto savings accounts, as mentioned in the article, provide users with the opportunity to earn interest on their cryptocurrency holdings. These accounts are presented as low-risk, high-yield investment tools. Users can deposit their crypto assets and earn interest over time.
YouHodler:
YouHodler is a platform that offers various financial services for digital assets, including crypto savings accounts. It facilitates the earning of interest on cryptocurrencies, with a specific focus on stablecoins like Tether (USDT).
APY (Annual Percentage Yield):
APY, or Annual Percentage Yield, is a metric that takes into account the compounding interest on an investment over a specified period. In the context of YouHodler, the article mentions an 8.32% Tether interest rate per year, which is notably higher than traditional bank savings accounts.
Security Features:
The article emphasizes the security of funds on YouHodler. It mentions a combination of hot and cold wallet storage to maximize the protection of users' funds. This approach is considered an industry best practice for securing cryptocurrency assets.
Interest Payout and Flexibility:
YouHodler provides users with flexibility in depositing and withdrawing funds at any time. The interest earned on crypto is paid out weekly, and users can choose to withdraw their funds or leave them in the account to accumulate more interest.
Earn Interest on Crypto:
YouHodler offers multiple ways to earn interest on crypto, not limited to Tether (USDT). Users can explore options such as crypto-backed loans and savings accounts for various cryptocurrencies, including Bitcoin and Binance Coin.
Tether Savings Calculator:
The article mentions a Tether Savings Calculator on YouHodler, allowing users to project their potential earnings based on different holding periods—3, 6, or 12 months.
In conclusion, the YouHodler platform is presented as a comprehensive solution for crypto enthusiasts looking to earn interest on their holdings, particularly with a focus on stablecoins like Tether (USDT). The platform offers competitive interest rates, security features, and flexibility for users to manage their digital assets effectively.
