Where and How to Earn First Digital USD (FDUSD)

Introduction

Lending First Digital USD can be an excellent choice for those looking to hold FDUSD while generating returns. The process may seem overwhelming, particularly for first-time users. That’s why we’ve created this guide specifically for you.

Step-by-Step Guide for UAE Residents

1. 1. Acquire First Digital USD (FDUSD) Tokens

   To lend First Digital USD, you must first acquire it. To obtain First Digital USD, you will need to purchase it. You can select from these well-known exchanges available in the UAE.

   Platform	Cryptocurrency	Price
   Binance	First Digital USD (FDUSD)	1
   Azbit	First Digital USD (FDUSD)	1
   BingX	First Digital USD (FDUSD)	1
   Bitget	First Digital USD (FDUSD)	1
   Bybit	First Digital USD (FDUSD)	1

   View all 19 prices

2. 2. Select a First Digital USD provider in the UAE

   Once you have FDUSD, you'll need to select a First Digital USD lending platform to lend your tokens. You can explore some options available in the UAE market here.

   Platform	Cryptocurrency	APY
   Aave	First Digital USD (FDUSD)	Up to 2.86% APY
   BTSE	First Digital USD (FDUSD)	Up to 7% APY

   View all 5 financing rates

3. 3. Earn First Digital USD

   Once you've selected a platform to earn your First Digital USD, transfer your First Digital USD into your wallet on the earning platform. Once it's deposited, it will begin to accrue APY. Some platforms offer daily interest payments, while others may pay out weekly or monthly.

4. 4. Earn APY on Your Investments

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the greater your potential earnings. Ensure that your earning platform offers compounding interest to maximize your returns.

What to Consider in the UAE Market

Lending your cryptocurrency can carry certain risks. It’s essential to conduct thorough research before depositing your cryptocurrency. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.