Binance Simple Earn (USDT) pays a yield on USDT deposited with Binance, which lends the balance to margin traders and institutional borrowers on its platform. It offers flexible and fixed-term options at rates that move with borrowing demand. It scores 66/100 (Tier 3) on the RWTS Trust Score: Binance is the largest exchange by volume with deep liquidity, but the product is fully custodial, the yield depends on opaque internal lending, and counterparty and regulatory risk sit behind it. This is an exchange earn product, not a reserved or on-chain instrument, so funds rely entirely on Binance's solvency.
- Issuer / protocol
- Binance
- Backing
- USDT lent to Binance margin and institutional borrowers
- Redemption / lock-up
- Flexible or locked (30-120 days)
- Audit & proof of reserves
- Independently audited
- Availability
- Not available in US (use Binance.US)
- Chain
- Multi-chain
- Tier
- Tier 3 — Secured DeFi
Scored on the published RWTS methodology (v1.1), reviewed quarterly and on material events. Ratings are independent and never pay-influenced.
Calculations are indicative. Actual yields may vary.
Price data from CoinGecko. Not financial advice.
Current yield of 5.50% sits at 58% of the observed range. This is above the midpoint, indicating relatively attractive rates.
Projections assume constant APY of 5.50%. Actual returns may vary. Not financial advice.
Beyond USDT's own score, two structural questions matter: what is it built on, and what has broken before in this part of the market. A high score in isolation can still carry hidden, shared exposure.
What this and similar assets are built on, and where contagion could spread.
The depegs, defaults, and exploits that inform the Track Record dimension.
Liquidity read: TVL of $12.40B indicates deep on-chain liquidity. Lock-up: Flexible or locked (30-120 days).
Is USDT safe?
USDT (Binance Simple Earn (USDT)) scores 66/100 on the independent RWTS Trust Score, which places it in Secured DeFi (Tier 3). Tier 3 carries real DeFi exposure: the backing is sound but smart-contract and collateral risk are live, so size positions accordingly. Backing: USDT lent to Binance margin and institutional borrowers. It is independently audited. The score reflects backing, verification, redeemability, audit, regulatory standing, and track record, not headline yield. We rate. You decide.
Exit routes
8/15 · right 8/8 · routes 0/7If the issuer stopped cooperating tomorrow, could you get out?
No. Every route runs through the issuer
- issuer
Binance
The position is a balance on Binance, not a token a holder controls. Withdrawal is on demand and unrestricted in normal conditions, and it is the only way out.
- issuer
none
There is no transferable instrument, so no independent market can exist for the position itself. Whatever the underlying asset trades at elsewhere is irrelevant until the exchange releases it.
Route 0. Right 8, because withdrawal is on demand with published terms and no minimum. Every path out runs through Binance, which is the same structure that scores KAU zero, at a different kind of counterparty.
This is the redeemability component of the Trust Score above, which stands at 66/100 (B-). Until 1 September 2026 redeemability was a single figure measuring the right to redeem while ignoring how many routes existed to exercise it. Splitting it moved this asset’s score. How the score works
Assessed 2026-09-01. Route independence asks how many ways out the issuer cannot close, not how much the asset trades.
Compare USDT
Head to head on the Trust Score with similar assets.