Midas Kripto, one of Turkey’s most popular investment platforms focused on providing retail and sophisticated investors with easy access to crypto trading and staking, has partnered with OpenTrade to launch USDT Staking, a new product for holders of Tether’s USDT offering stable, dollar-denominated returns directly on the platform.

Through this integration, users can earn up to 4.00% APR rewards on their staked USDT balances, powered by OpenTrade’s institutional-grade yield-as-a-service infrastructure and backed by U.S. Treasuries and money market funds. Midas Kripto abstracts the complexity in the mechanics of the product, enabling users to benefit from the daily rewards rate whilst retaining the ability to unstake USDT instantly at any time for use in trading. The USDT balance, plus any accrued rewards, can also be sold for TRY or USD at any time without any withdrawal process.


With an estimated 3.7% of Turkey’s GDP estimated to flow through stablecoins like USDT last year, and user numbers projected at 24-26 million (almost a third of the population), stablecoins represent a major entry and exit ramp for local crypto users. In partnership with OpenTrade, Midas Kripto combines seamless access to USDT, with stable, real world asset-backed returns, accessible with no lock-ups and without the need to off-ramp - together forming a value proposition unmatched elsewhere in the local market. 


“Midas Kripto is dedicated to making easy crypto investing accessible for Turkish users. Partnering with OpenTrade enables us to offer USDT Staking with stable rewards backed by high quality assets, seamlessly integrated into our app. This strengthens our mission to provide innovative, user-friendly financial solutions without FX or crypto market risks.” 

— Balam Bingül, Vice President and General Manager of Midas Kripto


“Midas Kripto is a prime example of an exceptional team democratizing access to secure and regulated financial products,” said Jeff Handler, Chief Commercial Officer at OpenTrade. “They serve a dynamic user base that has been historically underserved by traditional finance and shifted to stablecoins to access investment opportunities. Those same users can now enjoy seamless and flexible access to reliable returns on the stablecoins they trade with.”



About Midas Kripto

Midas Kripto is one of Turkey’s most popular investment platforms focused on providing retail and sophisticated investors with easy access to crypto trading and staking. Backed by investors including Spark Capital, Portage, Revo, IFC, the Midas platform is built to give investors transparent and compliant access to top-tier financial products, leveraging blockchain technology while maintaining the rigor and controls of traditional finance. Learn more at: https://www.midaskripto.com/

About OpenTrade

OpenTrade is an institutional-grade platform for on-chain and real world asset-backed lending and stablecoin yield products. Backed by investors including a16z Crypto and Circle, the OpenTrade platform has been built to allow any company to power their own stablecoin yield products for their users, who can trust in OpenTrade’s enterprise-grade technology systems, and the security guarantees of our time-tested legal protections and bank-grade asset management operations. Learn more at https://www.opentrade.io/