The market is retracing, and lots of opportunities are starting to present themselves again. Market sentiment isn’t fearful anymore, which is good. Back to the discussion: before the market started recovering, I saw an offer to stake USDT and earn up to 8% APR. I took the offer
here, but it seems surreal.
I can't guarantee what any third-party custodial arrangement would do, but if you trust the company, you can go for it, and nothing will happen to USDT itself, this is the main thing to think about. But if I were you, I would rather do that with a top exchange, some could offer a higher rate than 80%. I staked at over 20% and 15% respectively in December on USDC and USDT on Bybit, but mind you, offers change.
Today is not the beginning of USDT staking but the issue I have with it is the low annual percentage. If some businesses and banks in my country are offering me between 18-22% APR, why waste my money on USDT?