Price volatility remains the biggest worry when investing in cryptocurrencies such as Bitcoin. From a positive angle, the unstable nature of crypto represents a huge money-making opportunity — that said, it’s certainly a double-edged sword. The world’s reluctance to accept crypto has largely been fueled by the fact that cryptos are perceived to hinder people’s ability to preserve the value of their assets.
Thankfully, the introduction of stablecoins such as Tether (USDT) has helped to reduce, if not eliminate, the risk of keeping volatile digital currencies. YouHodler is a reliable crypto platform that allows people to earn USDT without breaking into a sweat.
A detailed look at Tether, USDT.
In simple terms, Tether creates a convenient bridge between crypto-assets and fiat currencies. As one of the most popular stablecoins, USDT is a fairly fixed crypto coin that is backed by fiat reserve assets that allow it to exhibit minimal volatility.
One USDT is essentially equivalent to $1 in value. Tether integrates fiat money with crypto, allowing investors to protect their assets from the uncertainties of the crypto market. Because each token is backed by a corresponding fiat money amount such as the American dollar, euro, or yen, the value remains the same.
Due to the 1:1 ratio, there is no cap on the supply of Tether. Yet it does provide crypto investors a medium of exchange and a means of storing the value of their funds. If you convert 50 USDT into US Dollars, you will get the same amount (i.e., $50). This means with Tether, you can easily trade, exchange, and manage your cryptocurrencies without any fear of market fluctuations.
Make money with Tether yield and Bitcoin
Avid traders often take advantage of the stability of Tether to trade Bitcoin for profit. When the market is falling, smart traders convert their funds into USDT. This helps them protect their investments from crashing in value. You can then use the USDT to repurchase Bitcoin at a lower price and wait for the market to rise again before you sell.
The question is how do you earn USDT yield on YouHodler?
You can earn USDT on YouHodler website. Your Tether could earn you up to 12.7% APR on YouHodler (plus it is compound interest). Earn interest on your USDT yield when you deposit this stablecoin to your account. There is nothing better than HODLing USDT with guaranteed interest paid out to you on a weekly basis.
YouHodler.com has a growing list of popular cryptos to open up your crypto savings account. These low-risk investments will yield higher returns and allow you to take full control of your financial future. So far, USDT is the most promising stablecoin in circulation.
It’s safer to use USDT as the crypto is stable and 100% backed — which means your funds can’t disappear in a flash.
USDT is transparent, but if you feel a little uncomfortable about the safety of the fiat reserve, don’t worry. Tether publishes daily reports ensuring that the circulating amount of stablecoin matches their reserves.
HODL as much crypto as you can, knowing that your funds are always on the safer side of the blockchain.