Yes, many platforms and decentralized finance (DeFi) applications allow users to earn interest on their USDT holdings. By lending your USDT or providing liquidity to a pool, you can generate passive income. However, the risks involved in such investments should be carefully evaluated.
6. What do I do if the value of USDT drops below $1?
In rare circumstances, if USDT's value drops below $1, investors should monitor the situation closely. It's essential to assess whether this drop is temporary or indicative of deeper issues. Investors can choose to hold their USDT until its value stabilizes, convert it into other cryptocurrencies, or redeem it for fiat currency if possible.