YouHodler is right now my preferred platform to stake coins and let the interest compound. But one peculiar thing drew my attention. Staking USD Tether gives a whopping APR of 12%, which you can compound weekly! Wow!
USDT is pegged to the US Dollar and it’s value is always between 0,99 and 1,01 USD. So, really wonder what’s the catch here. Because at this effective rate of 12,734 % you double your money in less than 6 years, with no risk compared to the dollar.
So, my question to you all is, what’s the catch?
Sincerely,
Pele23
