How To Earn Interest on USDT - 5 Best USDT Interest Accounts In 2022

    Updated: Nov 16th, 2022
    Kevin Groves
    Kevin Groves
    How To Earn Interest on USDT - 5 Best USDT Interest Accounts In 2022

    When it comes to earning crypto cryptocurrencies, users can either choose to directly interact with the market and get high returns. Or, they can earn interest by opening a savings account and earn low but regular returns. The rise of inflation in 2022 has compelled investors to look for safer strategies. As a result, earning interest on USDT and other cryptocurrencies has gained traction. But what are the best platforms that provide the highest interest rates? This guide discusses the best places to earn interest on USDT.

    Best Platforms to Earn Interest on USDT in 2022

    Based on our reviews, these are some of the best places to earn interest on USDT at the time of writing:

    • Nexo (overall best platform to earn Interest on USDT)
    • BlockFi (best for earning interest on USDT without minimums)
    • Binance (best for fixed and flexible USDT savings account)
    • Crypto.com (best-rated mobile app to earn USDT interest)
    • Hodlnaut (best for US investors to earn interest with USDT)

    Tether (USDT) Interest Rate Comparison

    Each platform offers a different interest rate on USDT. That being said, the investors need to look beyond the saving accounts offerings. Safety, minimum lock-in period, regulatory certifications of the platform, and the history of the lending portal are equally important. When choosing a portal for short-term profits or long-term gains, they are the factors to keep in mind. Here is the comparison between different USDT interest rates provided by our listed platforms.

    PlatformUSDC Interest RateRequirementBest For
    NexoUp to 12% APYStaking NEXO to earn higher interest (10% of portfolio)No lock-up requirements or minimum redemption period
    BlockFiUp to 7.25% APYNoneNo minimums on USDT deposit
    BinanceUp to 10% APYNoneFlexible and fixed interest
    Crypto.comUp to 10% APYStake more than $40,000 of CRO for highest rateEarn interest using mobile app
    HodlnautUp to 7.25% APYNoneGood option for beginners

    How to Earn Interest on USDT – Quick Guide

    Here are the quick steps to start earning interest on USDT:

    1. Compare and select the USDT interest platform
    2. Create an account and complete verification
    3. Transfer Tether or purchase USDT
    4. Start earning interest on USDT

    Where To Earn Interest on USDT

    USDT is a Stablecoin that is pegged at 1:1 with US Dollar and backed by reserves. The most common applications for USDT include facilitating peer-to-peer transactions and trading between cryptocurrencies, cross-border payments and as collateral in decentralized lending and borrowing products. For crypto yield farming, nearly all crypto lending platforms provide a savings account for Tether (USDT). However, only a few offer a rare combination of high-interest rate, user interactivity, security, and assurance. Here are our reviews of the top-rated crypto interest platforms that allow investors to earn interest on USDT.

    1. Nexo - Overall Best platform to earn Interest on USDT

    Nexo is a name renowned in the world of crypto lending that was founded in 2018 and provides users with the opportunity to trade, stake, and earn interest on cryptocurrencies. It has a simple user interface, making it easy for first-time investors and veterans to interact with the market. It supports savings accounts for 33 cryptocurrencies, including USDT.

    Nexo has paid over $200 million in interest rates to date and has over 200 certifications. Nexo is one of the few portals that have been trying the hardest to maintain the stability of the crypto market even during the current crypto bear market and liquidity crisis.

    Nexo USDT interest accountsNexo USDT interest accounts

    Users can earn up to 12% APY on USDT deposits using Nexo. However, it is the highest interest provided for USDT and is only accessible to Platinum tier members. Nexo has divided its membership into tiers: Base, Silver, Gold, and Platinum. Base are users with no NEXO tokens in their portfolios, and Platinum are the ones with 10% of their portfolios populated with NEXO. That is, if an investor wishes to earn 12% APY on USDT, they must be a platinum tier member.

    Interest rates are compounded daily, and users can withdraw their rewards at any time. Also, if users decide to withdraw their earned interest in the form of NEXO tokens, the crypto lending platform rewards an additional 2% interest.

    Nexo interest calculator for USDTNexo interest calculator for USDT

    Nexo doesn’t charge any fees on withdrawal, however, there will be a network cost to send USDT over the blockchain. The security on the platform is top-notch. However, the platform has also created an insurance fund of $775 million by BitGo and Ledger to ensure that users can recuperate their losses from any hacking attempts.

    To sum up, Nexo is a beginner-friendly platform that provides the highest interest rate on USDT. The platform sports top-shelf security and has a large insurance fund. The only downsides of this portal? The requirement to hold NEXO to earn a higher interest rate and that the platform is not available for US citizens.

    Nexo Pros:
    • Provides the highest interest rate on USDT at the time of writing
    • Compounds daily USDT pay-outs
    • Only 1 USDT deposit is required to start earning interest
    • No fees to withdraw USDT
    • Additional 2% interest if investors choose to receive pay-out in NEXO tokens
    Nexo Cons:
    • Holding NEXO tokens is necessary to earn the highest interest rate
    • Earning interest on USDT is not available for US citizens
    • Interest rates can change with the overall market conditions

    2. BlockFi - Best Platform For USDT Interest Rates With No Minimum

    BlockFi is the next best crypto lending platform to earn interest on USDT is BlockFi. It is a crypto lending platform that lends USD against cryptocurrencies as leverage. BlockFi manages $10 billion worth of crypto assets and serves more than 1 million customers worldwide. Backed by the biggest names in the crypto venture capital domain, such as Winklevoss Capital, Galaxy Digital, and Valar Ventures, BlockFi is the interest platform to choose if the user wants to earn the best interest on USDT at no minimum.

    BlockFi USDT tiered interest ratesBlockFi USDT tiered interest rates

    Similar to ETH, BTC, and USDC, BlockFi has multiple tiers of interest accounts for USDT.

    • Tier 1: Applicable to savings accounts with up to 20,000 USDT. The interest rate rewarded is 7.25%.
    • Tier 2: Applicable to savings account holding 20,000 – 5,000,000 USDT. The interest rate rewarded is 6.00%.
    • Tier 3: Applicable for savings accounts with more than 5,000,000 USDT. The interest rate rewarded is 4.50%.

    This tiered system allows investors with minimum USDT holdings to earn the highest rewards. Much like NEXO, starting earning interest on USDT is simple. All investors need to do is create a BlockFi account, park their USDT in their BlockFi portfolio, and start earning interest.

    The crypto interest rates compounds that increase the APY that BlockFi’s clients earn. Compared to Nexo, investors do earn a lower interest rate on BlockFi. However, BlockFi is a pure crypto lending platform where users don't need to hold any native crypto to earn higher interest. That being said, this platform's interest account is out of reach to US users.

    BlockFi Pros:
    • Provides the highest interest rate on USDT with no minimum requirement
    • It has a simple to user interface that is straightforward to navigate
    • Provides multiple tiers of interest rates
    • Offers monthly payouts to investors
    • No requirement for staking native tokens to earn higher interest rates
    BlockFi Cons:
    • Not available for US users
    • Has a history of reducing interest rates
    • Company was bailed out recently due to the crypto crash of 2022

    3. Binance - Best For Flexible & Fixed Ways To Earn USDT Interest

    Binance is the world's leading crypto platform. It has not only gained renown as one of the best crypto trading platforms but also as a crypto staking and saving platform. With its Binance Earn feature, users can earn high APY for USDT through staking or saving. Binance provides three options to earn interest on USDT.

    • The Flexible Savings accounts allow investors to earn as much as 10% APY on their UUSDT holdings.
    • The second option is Fixed savings, through which users can earn up to 5.00 APY by locking up their USDT for 30 days.
    • Advanced users can use the Flexible DeFi Staking to earn 3.12% interest on USDT through DeFi staking.
    Binance fixed and flexible savings accounts for USDTBinance fixed and flexible savings accounts for USDT

    With the Flexible Savings Account, the most conventional way to earn interest on USDT, users can earn interest on different tiers.

    1. 10% APY for up to 2000 USDT
    2. 3% APY for 2000-75000 USDT
    3. 1% APY for more than 75000 USDT

    Binance also puts USDT as the flagship crypto on which it offers a savings account. It is one of the highest interest rates users can earn on USDT. However, Binance's UI has come under fire for not being user-friendly. Originally, the platform was designed for institutional investors and mostly sported advanced options. Binance has tried to mitigate this issue by providing blogs and other facilities, but they can be difficult to use for a first-time crypto user.

    Compared to the other crypto lending platforms, Binance has more similarities with BlockFi than NEXO. Like BlockFi, Binance also offers the highest interest rates on no minimums. Binance has created an insurance fund of $1 billion to safeguard users' wallets.

    Binance Pros:
    • Provide three ways to earn interest on USDT
    • Users can earn up to 12% APY on USDT
    • USDT is the flagship crypto savings account
    • It is one of the world’s most trusted cryptocurrency platforms
    Binance Cons:
    • Staking rewards for USDT are not available on Binance.US
    • The user interface is not friendly to beginners
    • Can change interest rates in future

    4. Crypto.com - Best Mobile App To Earn Interest In USDT

    Crypto.com is a cryptocurrency trading platform that also supports NFTs, wallets, staking, savings, and more. It is one of the best cryptocurrency apps that has added support for over 250 cryptocurrencies. Crypto.com is most known for its flagship product, the VISA crypto debit card. It allows users to pay at merchants and retail shops via crypto as it directly converts cryptocurrencies into fiat. Crypto.com is also known for adding new crypto assets to its Crypto Earn feature, allowing users to earn interest by staking or holding crypto assets. Like Binance, it also offers up to 10% APY on USDT.

    Crypto Earn lets users choose among the following three plants to earn interest on USDT.

    • Flexible Term: With Flexible Term, users can earn up to between 0.4% to 0.55% on their USDT holdings.
    • 1 Month Term: Users can hold their USDT for one month to earn 2.65% to 6.00% interest on USDT.
    • 3 Month Term: Investors can earn anywhere from 3.3% to 10.00% interest on USDT by holding their USDT for three months.
    Crypto.com app for earning interest on USDTCrypto.com app for earning interest on USDT

    Other than the terms, two factors determine how much interest a user can earn on USDT. The first is the number of USDT tokens, and the second is the number of CRO tokens staked. To earn the highest interest, users must stake $40,000 worth of USD. If the investor doesn’t stake any CRO, the interest on USDT goes up to 6%. In short, determining the interest rate for USDT and other crypto-assets is quite confusing.

    Crypto.com provides a similar interest rate as Binance. However, unlike Binance, Crypto.com only offers the highest rates to users who have staked the highest amount of CRO. On the positive side, Crypto.com is designed as a mobile-first platform. Due to this, it has 50 million active users. Furthermore, the platform is user-friendly and suitable for newcomers who don't mind the additional requirements and want to earn lucrative interest rates on USDT.

    Recently, Crypto.com has acquired in-principle approval to operate in Singapore – allowing it to provide many services, including Crypto Earn, in the country. For more information, read our article on the best crypto exchanges in Singapore.

    Crypto.com Pros:
    • It is a mobile-first platform that allows users to earn interest on USDT via the Crypto.com wallet
    • One of the best apps for buying crypto
    • It offers a high interest rate for USDT
    • Multiple security features to keep the investor’s assets safe
    Crypto.com Cons:
    • High CRO staking requirement to earn 10% interest on USDT
    • The interest rate tiers of Crypto.com are quite confusing
    • Not available to US customers

    5. Hodlnaut - Best USDT Interest Account For USA

    Hodlnaut is one of the world's leading cryptocurrency lending and savings platforms. In order to provide the best services to a particular niche, the platform has added support for only six cryptocurrencies, for which it gives lending and savings services. The term "Hodlnaut" comes from "hodl" – slang for investors who hold their crypto assets to earn interest or wait for the right moment to invest.


    Important. Hodlnaut has suspended withdrawals since August 8, 2022.

    It was founded in 2019. It has added support for USDT, USDC, DAI, ETH, BTC, and WBTC and is the only platform on the list available for US citizens. The crypto lending platform has a well-designed desktop and mobile app for Apple and Android users. Finally, it pays weekly interest: every Monday. Furthermore, Hodlnaut's interest rates are reviewed every month and are subject to change on a monthly basis.

    Hodlnaut interest rate tiers for USDTHodlnaut interest rate tiers for USDT

    Users can earn up to 7.25% APY on USDT. Hodlnaut has four tiers of interest rates for USDT.

    • Tier 1: Users with at most 100k USDT tokens will earn up to 7.25% APY
    • Tier 2: Users with 1001k to 400k USDT tokens will earn up to 5.23% APY
    • Tier 3: Users with 4001k to 500k USDT tokens will earn up to 0.5% APY
    • Tier 2: Users with more than 500k USDT tokens will earn up to 0.1% APY

    Hodlnaut doesn’t impose any locking period or minimum deposit on the users, allowing them to with their funds at any time. The on-page interest calculator it provides is also a great feature for those who want to learn how much interest they can earn.

    Hodlnaut is a Singapore-based platform and is regulated under the Payments Services Act. Like Crypto.com, Hodlnaut has also applied for MAS or the Monetary Authority of Singapore. To protect users' assets, Hodlnaut provides a Nexus Mutual Custody cover. It is an insurance cover.

    Hodlnaut provides a similar interest rate as BlockFi. Moreover, Hodlnaut doesn't impose any requirement to hold any native tokens. That being said, many of the features that Hodlnaut provides are locked for individual users.

    Hodlnaut Pros:
    • It caters to investors looking for lending and savings services
    • Provides competitive interest rates for USDT in the market
    • No requirement for native tokens to earn high interest rates
    • No locking period or minimum deposit
    • Nexus Mutual Custody Cover to protect investors’ crypto assets
    Hodlnaut Cons:
    • Lending facility only for institutional investors
    • Fiat deposits are not available
    • Has stated that interest rates can change on a monthly basis

    Top USDT Interest Platforms Compared

    Here is a brief look into our ratings for the top USDT interest platforms. The info provided is good for a glance. However, it is recommended that investors serious about using the interest method to make long-term gains on their USDT holdings should check out the complete reviews.

    ExchangeCrypto AssetsTrading FeesRatingPromotionWebsiteReview


    RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    StarStarStarStarEmpty Star
    $25 Bitcoin for >$100 depositVisit NexoNexo Review


    RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    StarStarStarEmpty StarEmpty Star
    Get up to $250 Bonus in BitcoinVisit BlockFiBlockFi Review

    Binance Earn

    RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    StarStarStarStarEmpty Star
    Up to $100 welcome bonusVisit Binance EarnBinance Earn Review


    250+None (3.5% surcharge for credit card)
    RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    StarStarStarStarEmpty Star
    None available at this timeVisit Crypto.comCrypto.com Review


    RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    StarStarStarStarEmpty Star
    None available at this timeVisit HodlnautHodlnaut Review

    Should You Earn Interest on USDT?

    Tether has had its history of issues, such as the investigation regarding price manipulation in 2017 and 2018. While the company admitted no wrongdoing, in 2021, Tether and Bitfinex reached an agreement with the US Attorney General to pay $42.5 million. Even so, Tether remains the most popular and widely traded stablecoin in the market with a 24-hour trading volume of 40 billion.

    Despite these concerns, the major exchanges and platforms continue to allow investors to earn high interest on USDT between 7.25% to over 12% APY at the time of writing. A common strategy during a crypto bear market is to trade from speculative assets into USDT. Therefore, they are able to capitalize on using an interest and savings account to earn good interest rates to offset potential losses in the decline before reallocating capital when the market has bottomed.

    Is Earning Interest on USDT Worth It?

    Compared to certain highly speculative cryptos with smaller market caps, earning interest on USDT can be more reliable given the 66 billion market cap at the time of writing. Furthermore, USDT is not an algorithmic Stablecoin and is backed by its reserve of USD. These factors make earning interest on USDT a suitable way to earn passive income. However, investors should be cautious as there are several risks associated with the token, the platform and market itself.

    What Are the Risks of Earning Interest on USDT?

    Stablecoins such as USDT as not immune from the various risks associated with the volatile and largely unregulated cryptocurrency space. There are no Government regulations that decide the interest rates on USDT or protect the user's investments. The crypto lending platforms are solely responsible for the customer's assets. Given there have been several DeFi hacking incidents, it is important to vet each platform carefully.

    Trade USDT vs. Earn Interest on USDT?

    Trading and earning interest on USDT are great options for investments. With trading, users have an option to buy or sell USDT on a cryptocurrency exchange of their choice and react instantly to the changing market for higher gains. That said, earning interest on Stablecoin can be more profitable in the long run for those that are not experienced traders. With NEXO, users can earn up to 12% APY on their USDT holdings. The interests are compounded daily, profits increase the longer USDT tokens stay inside the savings account.

    Earning Interest on USDT – Full Guide

    Here is the full tutorial to start earning interest on USDT:

    1. Compare and select the USDT interest platform

    The individual must choose the USDT platform that meets their needs. The platforms we've listed offer lucrative interest rates and other facilities. Nexo provides the highest interest rate on Tether. Thus, this tutorial explains how investors can earn interest on USDT using Nexo.

    2. Create an account and complete verification

    Visit the official Nexo website and create an account. Users need to enter their credentials and upload the KYC verification document. A government-issued ID is mandatory if the investor wants to open an interest account on Nexo.

    visit the nexo websitevisit the nexo website

    3. Transfer USD coin or purchase USDT

    If users already have USDT in their crypto wallets, they can transfer them to their NEXO portfolios free of charge. There is an option to top up directly from a Metamask wallet or instantly swap crypto into USDT. Otherwise, they can buy USDT using a supported fiat currency via bank transfer.

    Top up Nexo account with USDTTop up Nexo account with USDT

    4. Start earning interest on USDT

    After the investor's account has USDT, it will start to earn interest. While no further action is needed, users can monitor their USDT holdings and interest accumulated via the mobile or desktop app.

    Frequently Asked Questions

    Investors can earn interest on USDT on many platforms. The best ones are Nexo, Binance, Crypto.com, Hodlnaut, and BlockFi. These platforms let users earn anywhere from 6% to 12% interest on USDT per annum.

    Nexo currently offers the highest interest rate on Tether, which is 12%. Other crypto platforms such as Binance, Hodlnaut, and Crypto.com also provide good interest rates.

    Investors can earn interest USDT on Binance through flexible or fixed savings or flexible DeFi staking.

    USDT or Tether is a cryptocurrency that is pegged with the USD on a 1-to-1 basis. Its familiarity as a unit of account makes it a popular crypto-asset to trade in-between other digital currencies and currently has a 66 billion market cap. Due to its high liquidity and dominance in the market, there is strong demand for USDT interest accounts and lending products that contributes to the higher returns.

    Tether is a Stablecoin that is almost always valued at $1. Stablecoins aren't designed for profit or loss but rather for storing the dollar's value. In this regard, its not a great investment for trading, however, with the emergency of lending platforms, it is a good way to earn a passive income.


    The crypto market is volatile, which makes earning interest on USDT a safer option than coins with smaller market caps. However, investors must not consider it a risk-free investment. There are several risks to be aware of in the absence of Government regulations on the marketplace. That is, there are no safety nets to protect customers in the event of a hack or market crash. USDT's backing to the USD also means the value of the crypto will remain stable during market volatility. Moreover, earning up to 12% APY is a lot higher than traditional bank interest accounts.

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    Kevin GrovesKevin GrovesKevin Groves

    Kevin started in the cryptocurrency space in 2016 and began investing in Bitcoin before exclusively trading digital currencies on various brokers, exchanges and trading platforms. In 2019, he started HedgewithCrypto to publish informative guides about Bitcoin and share his experiences with using a variety of crypto exchanges around the world.

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