Compare Tether interest rates with all providers in 2023
Now that you can no longer earn interest with your local bank, more and more people are looking for an alternative to make their money work. The crypto market has responded smartly to this by offering a similar banking model, but entirely based on cryptocurrency.
On this page you can discover Tether (USDT) interest rate providers and you can easily compare the USDT interest rates. You can also use our USDT interest calculator to calculate the estimated profits over a period of your choice.
|Provider||Interest||Interest in USDT*||In EUR and USD*|
|6.10%||6.10 USDT||€ 5.98 ($6.10)||
Trade the first 1.000 EUR free
|8.00%||8.00 USDT||€ 7.84 ($8.00)||
50 USD staking bonus
|10.00%||10.00 USDT||€ 9.80 ($10.01)||Review Visit|
Many crypto investors use a portion of their USDT assets to generate passive income by using the Dollar Cost Average strategy. Tether is very popular because its value is almost equal to the dollar. This currency is also very popular with borrowers, which means that the interest rates are relatively higher than, for example, the Bitcoin interest rates.
However, the use of these types of crypto lending platforms does entail risks, read them carefully before using a platform like this.
All listed providers in the overview offer flexible contracts. This means that you can withdraw your crypto at any time and that there are no withdrawing fines.
* The profits shown by the USDT calculator are estimated profits based on current interest rates. These interest rates are flexible and can therefore change in the future. No rights can be derived from the shown estimates.
How to Compare Tether Interest Rates?
With our USDT calculator it is very easy to compare all Tether interest rates of all crypto banking providers. You can adjust the values based on your current situation and the expected period.
At Amount (in USDT) you can indicate how much Tether you are planning to lend. At Period you can indicate how long you want to lend your USDT to a crypto bank. Keep in mind that once you lent out your USDT, you cannot use it for trading. Your USDT will be locked on the platform (until you chose to withdraw) and they will lend your Tether to their userbase.
When you entered all the values based on your situation, you can calculate your estimated profits. The overview shows the estimated profits in USDT, euros and dollars. This is only an estimation, as the USDT interest rates are regularly adjusted to the current market conditions. Some providers even update their percentages every month.
How Does Earning Interest With USDT Work?
How can these providers pay interest on your Tether? It is good to ask this question and be a bit skeptical.
All providers own or use a P2P credit marketplace. Such credit marketplaces bring crypto borrowers and lenders together. Tether borrowers want to borrow USDT or USD to trade or pay for other things. They are willing to pay interest to lend USDT. The Tether interest they pay is in return paid to USDT lenders. This way, a credit marketplace can maintains their services. The interest rates are determined based on the demand of the borrowers and the lenders. USDT has the advantage that the percentages are generally somewhat higher than regular cryptocurrencies, since it’s very stable.
The platform charges a small fee for their services. This fee is paid by the Tether borrowers. Everything else is going to the lenders. Celsius Network, for example, has an 80/20 ratio. 80% of the interest goes to the lenders and 20% goes to the Celsius Network.
Depending on the platform, you can choose in which currency you want to receive your interest. This can be in the deposited crypto, in the native platform token (you often receive a bonus when you chose this option) or in any other supported crypto. At Celsius Network, for example, you can choose to be paid in their native CEL coin. This allows you to benefit from the CEL price increases, but be aware that a price drop can have a negative effect on your holding. So it is very personal what you like the best.
Risks of Tether lending
Lending your Tether and using the platforms shown on this page is certainly not risk-free. Although the interest rates are a lot higher than at your local bank, you should be aware for all the potential risks:
- The platform can go bankrupt or be hacked. All customers are then creditors, but will there be enough capital to repay the creditors?
- You don’t have the benefits and insurances of your local bank.
- Tether’s interest rates are not fixed and variable. The estimated profits may therefore change in the future.
- Tether (USDT) recently settled for $ 18 million in the lawsuit against New York AG. There are still rumors that the company behind Tether has committed fraud. This is more of a risk using USDT than a risk of any of the listed platforms.
Long story short, there are risks to keep in mind. What exactly will happen in the event of a bankruptcy or hack is unknown with most companies. But you can assume that it will be very difficult to recover your money with thousands of others.
You should therefore consider lending your Tether as a risky investment. Don’t invest more USDT than you can lose and spread your risk across multiple platforms. It is therefore not smart to store 100% of your USDT portfolio with one company.
FAQ Compare Tether interest rates
What is the highest Tether interest rate?
With our USDT calculator you can easily compare all Tether interest providers and get an overview of all interest rates. These interest rates are variable and are constantly changing. With the calculator you can also calculate an estimate of your potential profits.
Is Tether lending risk-free?
No, you lend your Tether to a provider, which then manages your USDT and lends it out to other parties. You can imagine that a lot can go wrong in this process. These platforms are also private companies that could in theory go bankrupt or be hacked. These are all risks that you have to take into account, before using a platform like this.
Know the risks and never invest more than you can afford to lose. If necessary, spread your assets across multiple platforms to hedge the risk.
Are there bonuses?
Yes, most Tether interest providers will give you a bonus in BTC. If it is an interesting bonus, we will mention this in our comparison table. In some cases we can offer a better bonus than using the regular website.