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USDT (Tether) Logo

Best USDT (Tether) Interest Rates of Dec 2022

Compare the best USDT (Tether) interest rates and withdrawal fees of Dec 2022, from the top crypto interest accounts. Comparison of the best CeFi platforms to earn on USDT, so you can maximize your Tether APY / APR, and earn yield.

Table scrolls horizontally
Platform
Base APY (paid in kind)
Max APY
Withdrawal Fee
Sign Up Bonus
Additional Info
Nexo logo  Nexo
8% on first $100k
4% for over $100k
10% on first $4M - requires owning 10% of portfolio in NEXO tokens
network fees, but 1-5 free withdrawals per month depending on how many NEXO tokens you hold
$25 in BTC
Nexo US customers can no longer earn interest on new deposits; pre-existing deposits can continue to earn interest in certain states
Haru Invest logo  Haru Invest
6.00% (APR)
13.00% (APR) - highest rate requires locking asset for 365 days
10 USDT
none currently
100,000 USDT max limit, but no limit if you lock asset for 15 days or longer
Finblox logo  Finblox
6.00%
6.00%
network fees + 1 USDT
up to $250 in USDC
may take up to 48 hours to withdraw
Crypto.com logo  Crypto.com
0.40% (APR)
8.50% (6.50% in kind + 2% in CRO) APR, on first $3,000 of total assets in fixed terms

highest rate requires locking asset for 3 months, and staking (holding for 6 months) $40,000 worth of CRO
10 USDT (ERC20)
0.8 USDT (Cronos)
0.8 USDT (Polygon)
$25 in CRO
max total assets that can earn interest is $500,000 (up to $2,000,000 based on how much CRO staked); unavailable in NY
Abra logo  Abra
10.00%
10.00%
network fees + withdrawal fee from Bittrex (Abra's custodian)
none currently
Abra non-accredited investors in the US can no longer earn interest on new deposits; pre-existing deposits can continue to earn interest

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Best USDT Interest Rates

The table above compares the best USDT interest rates. As you’ll notice, there are base rates and max rates. Since the max rates often have certain requirements, such as locking the asset for a fixed amount of time, the best Tether interest rate will depend on your willingness to fulfill any of those requirements.

For example, platform A might have a higher base rate than platform B, but platform B can offer a higher max rate if you lock your USDT for one month. So the best USDT interest rate would depend on your willingness to lock the asset.

Where To Earn the Highest USDT Yield

The max APY column will show where you can earn the highest USDT yield, depending on your willingness to fulfill any requirements specified. Some platforms also have tiers, as specified, so you may only be able earn the highest USDT interest rate on the first X amount of USDT.

In addition, there is a toggle above the table where you can change the location between United States and International. The platforms and Tether rates may change for US vs non-US. The table also includes other details relevant to determining the highest USDT interest rates, such as pointing out when a platform is unavailable in a specific US state.

Best USDT APY / Best USDT APR

The table shows USDT rates in APY (Annual Percentage Yield) by default. However, some platforms advertise their rates in APR (Annual Percentage Rate), so the table will specify when rates are in APR. APY takes into account compound interest, while APR does not. If a platform has USDT rates in APR, you can use tools like this to convert USDT APR to USDT APY.

Best USDT Staking Rates / Best USDT Lending Rates

For earning yield, staking USDT is sometimes used interchangeably with lending USDT. So those looking for the best USDT staking rates to earn interest might be looking for the best USDT lending rates to earn interest. With the CeFi platforms covered here, you are lending your USDT to centralized entities, as a way to earn yield on USDT.

How To Earn Interest on USDT

To earn interest on USDT, an individual would create an account, then there is usually a KYC (Know Your Customer) process to verify your identity. From there, you can often just deposit USDT to start earning interest. To earn the highest USDT APY, as shown in the max APY column, there are sometimes other requirements, as specified in the table.

Why Earn USDT Interest

The high yield offered by USDT interest accounts is likely the main reason an individual would want to earn USDT interest, rather than letting it sit idle. Also, since Tether is a stablecoin pegged to the US dollar, one might want to earn yield on USDT due to the low volatility relative to the US dollar.

However, there is always risk that you lose some or all of your assets. For example, Tether could depeg from the US dollar, or a CeFi platform could halt withdrawals on the coins you deposited. Do your own research to make sure you understand all the risks of any particular cryptocurrency, or platform holding your crypto. No cryptocurrency or platform is without risk.

Best USDT Interest Account / Best USDT Savings Account

CeFi platforms are sometimes referred to as crypto interest accounts or crypto savings accounts (though very different from traditional bank accounts). The best USDT interest account / best USDT savings account might vary based on an individual’s preferences and situation.

For instance, some platforms have tiers, so what might be ideal for one person, might be less ideal for someone with a much higher amount of USDT. You also wouldn’t want to use a platform that you believe is too risky, even if everything else seems ideal.


Sign Up Bonuses

Nexo - 1) Sign up through this referral link. 2) Complete Advanced Verification. 3) Top up (deposit) at least $100 of any supported asset. 4) Must keep porfolio above $100 for at least 30 days. You'll earn $25 in BTC.

Crypto.com App - Sign up through this link using referral code 6k4dx8gb6c. Stake (deposit for 6 months) $400 in CRO for the ruby card tier or above, and you'll receive $25 in CRO.

Finblox - 1) Sign up through this link. 2) Pass the “Verified” level in Identity Verification. 3) Deposit assets within 7 days of signing up, and maintain balance for 30 days. 4) You'll earn a bonus of up to $250 USDC, based on the amount you deposit / maintain. See reward payout table here.

Haru Invest - Haru Invest has no sign up bonus currently. Feel free to sign up through this link or using referral code cefirates.

Ledn - Sign up through this referral link, and complete KYC. Then deposit at least 75 USDC or 0.0015 BTC, and hold for 15 days or longer. Deposit must be made within 30 days of opening an account. You'll receive 10 USDC.

Abra - Abra has no sign up bonus currently. Feel free to sign up through this link or using referral code RC7F4APFN.