A Guide on USDT APR
A Guide on USDT APR: For the past few years or so, Bitcoin and Ethereum have been the standout crypto performers. Many people investing in crypto either opt to purchase Bitcoin or Ethereum. However, the crypto world is full of opportunities.
Crypto technology has undergone massive development over the years. Other than Bitcoin and other altcoins, we also have other blockchain-based crypto coins that you can invest in. One such example is the USDT.
What is USDT?
Crypto is built upon a blockchain stack. Blockchain technology keeps track of all transactions while ensuring that the records are safe from being hacked or otherwise compromised. In a nutshell, you can think of blockchain as a ledger of digital records. The log is copied and distributed to the various computers on the blockchain network.
Now that you understand what blockchain is, it is time to learn what USDT, otherwise known as Tether, is. Tether is a blockchain-based crypto coin. The value of USDT is backed by fiat currencies such as the USD, Japanese Yen, and the Euro.
USDT is a stable coin developed to help keep the crypto valuations steady. Most crypto investors use stablecoins such as USDT to cushion themselves from the volatility of crypto markets. While you’re at it, you can also earn a lucrative usdt apr from your crypto savings.
YouHodler and Interest Rates
In the early days of Bitcoin, the plan was to give people 100% authority over their money. With crypto, you can run transactions anywhere in the world because it is a global currency. The transactions are anonymous and the government cannot freeze your assets.
However, there is something new in the crypto world. You earn an annual interest from your crypto coins. So, let’s take things a little bit slow. YouHodler is a crypto wallet service. If you have traded crypto before, you know that you need to have a private wallet.
A private wallet such as YouHodler allows you to have 100% control over your crypto stash. Additionally, it protects you from losing your crypto savings in case the exchange account you use goes under.
YouHodler is not just any other type of crypto wallet. They offer other excellent features on their platform. One is that you can secure a fiat loan by using your crypto savings as collateral. Secondly, you can earn interest from your crypto. For example, the tether apr is around 12%, which is quite massive compared to regular fiat currency banks.
Earning Interest from Crypto
Most people often get tired of holding their crypto coins for a long time. The main reason is that they don’t gain any value unless they sell the coins at a higher price than they bought them. However, with a holding account such as YouHodler, you can earn interest or a decent usdt apr from your savings.
If you’re interested in earning more from your crypto savings, be sure to check out YouHodler. They support close to 12 crypto coins on their platform. Besides, you get fantastic loan rates without losing your crypto stash.