Tether lending

Pick a coin to lend, pick a smart contract, and enter the amount you wish to lend. Your crypto is then deployed directly to the smart contract to start earning interest . Once you’ve loaned out your crypto through the DeFi app(s) you can watch your interest grow right from your Wallet app.

Demand for stablecoins constantly exceeds supply . So people with stablecoins to lend can charge premium interest rates, and crypto platforms desperate for stablecoins offer high interest rates to attract new stablecoin lenders. That’s why stablecoin interest rates are so high.