Introduction
Lending PayPal USD can be a great option for those who want to hold PYUSD but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-step
- 1
Obtain PayPal USD (PYUSD) tokens
In order to lend PayPal USD, you need to have it. To obtain PayPal USD, you’ll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a PayPal USD lender
Once you have PYUSD, you’ll need to choose a PayPal USD lending platform to lend your tokens. You can see some options here.
- 3
Lend your PayPal USD
Once you’ve chosen a platform to lending your PayPal USD, transfer your PayPal USD into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.
- 4
Earn interest
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.
What to be aware of
Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.
Latest movements
PayPal USD (PYUSD) is currently priced at $0.9991, with a 24-hour trading volume of $16.65M. In the last 24 hours, PayPal USD has experienced a decrease to 0. The market cap of PayPal USD stands at $398.71M, with 399.10M in circulation. For those looking to buy or trade PayPal USD, reputable platforms like Coinbase and Crypto.com offer avenues to do so securely and efficiently.
- Market cap
- $398.71M
- Volume
- $16.65M
- Circulating supply
- $399.10M
