JuCoin introduces its initial USDT fixed-income offering, providing multi-tiered annual percentage yields.
Singapore-based trading platform JuCoin has unveiled its inaugural Tether USDT fixed-income product, featuring tiered annual percentage yields (APY) and a range of investment terms to accommodate diverse investor preferences.
On May 26, JuCoin's USDT Tether fixed-income product officially debuted, incorporating a "ladder interest rate" model in which yields are tiered based on investment amounts. Investors can select from six distinct term options: 7, 15, 30, 45, 60, and 90 days.
In this model, each product comes with a base quota and standard interest rate, followed by a preferential tier offering a higher rate. Amounts exceeding the preferential tier revert to the base rate. Earnings are calculated daily and distributed automatically upon product maturity. For example, an investment of 4,000 USDT in the 45-day product would break down as follows: 1,600 USDT earns a base APY of 2.39%, while the next 2,200 USDT qualifies for a higher APY of 11.22%. The remaining 200 USDT reverts to the base rate, resulting in an approximate combined annualized return of 7.25%.
JuCoin's USDT fixed-income offering adds to the growing number of trading platforms offering similar yield-tiered products. Notably, Bybit provides USDT-based options with diversified yield rates across various durations. Currently, Bybit's rates include 2.70% for 14 days, 3.20% for 30 days, and 4.00% for 90 days, applicable to both fixed-term and flexible deposits.
Other major exchanges like KuCoin, Binance, Kraken, and MEXC also provide USDT staking across fixed and flexible terms, offering a variety of APYs for users. While these platforms don't specifically feature USDT fixed-income products with tiered yields and flexible staking, their adaptability and comprehensive trading options make them worth investigating for similar investment opportunities.
It's worth noting that in fixed-term staking, users commit their USDT funds for a predetermined period in exchange for a fixed APY, and they can't withdraw until the term ends. Platforms typically pool these locked funds and use them in liquidity-providing and yield-farming strategies to generate steady interest that's shared with users at maturity. Flexible-term staking, on the other hand, allows users to deposit and redeem their USDT funds at any time, albeit with lower rates that may fluctuate based on demand.
In summary, JuCoin has launched its first USDT Tether fixed-income product with tiered APYs and varying investment terms. The offering complements the growing number of trading platforms offering similar USDT-based yield-tiered products, such as Bybit, KuCoin, Binance, Kraken, and MEXC. While none of these platforms specifically focus on USDT-based fixed-income products with tiered yields and flexible staking, their adaptability and comprehensive trading offerings could provide the desired investment opportunities for users.
- JuCoin's USDT Tether fixed-income product, with its tiered annual percentage yields (APY) and range of investment terms, is now available for investing on their platform.
- Bybit, a notable trading platform, also offers USDT-based options with diversified yield rates across various durations, similar to JuCoin's product.
- Other major exchanges like KuCoin, Binance, Kraken, and MEXC provide USDT staking across fixed and flexible terms, offering a variety of APYs for users.
- Staking USDT funds with these platforms, either in fixed or flexible terms, can provide steady interest through liquidity-providing and yield-farming strategies.
- Crypto investors might find attractive investment opportunities on platforms like Binance and Kraken, even though they don't specifically offer USDT fixed-income products with tiered yields and flexible staking.
- The growing number of trading platforms such as JuCoin, Bybit, and others that offer USDT-based yield-tiered products marks a significant development in the crypto finance technology, providing diverse investment options for users.
