Everything You Need to Know About Tether USDT Staking
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by Adam Campbell
Published on December 19, 2023
TL;DR;
- Staking Not Possible: USDT cannot be staked as it lacks a proof-of-stake blockchain.
- Stablecoin Function: USDT is a stablecoin pegged to the US Dollar, commonly used for stability and cross-border transactions.
- Earning Income: Instead of staking, earn passive income by lending USDT on exchanges or lending platforms.
- Key Difference: Staking secures networks; lending provides loans without contributing to network security.
- Reward Options: Choose between custodial lending on exchanges or non-custodial lending with control over private keys.
