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 12% per year (not including compounding interest). 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 savings 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 12% High-yield savings accounts: Earn 12% interest 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 is just one option to earn interest on crypto with YouHodler. 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.