Tether (USDT) (USDT) Lending & Borrowing Rates
USDT is the largest stablecoin by market cap. It is widely supported across crypto lending platforms, though some protocols and users prefer USDC for its transparency.
Last updated: May 5, 2026Live via DeFi Llama
USDT Lending Rates (Earn Yield)
USDT lending yields are comparable to USDC — typically 2-10% APY. Some platforms offer slightly different rates for USDT vs USDC based on pool utilization and demand dynamics.
| Platform | Type | Lend APY | Risk | KYC | |
|---|---|---|---|---|---|
| Nexo | CeFi | 9.50% | 4/10 | Required | Visit Site |
| Figure (Democratized Prime) | CeFi | 7.90% | 3/10 | Required | Visit Site |
| CoinRabbit | CeFi | 5.50% | 5/10 | None | Visit Site |
| Morpho | DeFi | 5.00% | 4/10 | None | Visit Site |
| Euler v2 | DeFi | 3.81% | 5/10 | None | Read Review |
| Fluid | DeFi | 3.80% | 5/10 | None | Read Review |
| Aave V3 | DeFi | 3.60% | 3/10 | None | Visit Site |
| Compound V3 | DeFi | 2.83% | 3/10 | None | Visit Site |
| Spark | DeFi | 2.69% | 3/10 | None | Visit Site |
USDT Borrowing Rates
Like USDC, USDT is primarily received as a loan against crypto collateral rather than used as collateral itself. Borrow rates track closely with USDC rates.
| Platform | Type | Borrow APR | Max LTV | Risk | |
|---|---|---|---|---|---|
| Spark | DeFi | 3.42% | — | 3/10 | Visit Site |
| Compound V3 | DeFi | 3.69% | — | 3/10 | Visit Site |
| Fluid | DeFi | 4.20% | — | 5/10 | Read Review |
| Aave V3 | DeFi | 4.33% | 75% | 3/10 | Visit Site |
| Morpho | DeFi | 4.80% | — | 4/10 | Visit Site |
| Euler v2 | DeFi | 5.51% | 94% | 5/10 | Read Review |
| CoinRabbit | CeFi | 11.95% | 80% | 5/10 | Visit Site |
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Disclaimer: Rates shown are approximate and change frequently. DeFi protocol rates are variable. CeFi rates may differ by account tier. Always verify current rates on the platform. Crypto lending involves significant risk. Some links may be affiliate links — see our affiliate disclosure.
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