How to Lend TrueUSD (TUSD)

Introduction

Lending TrueUSD can be an excellent choice for those looking to hold TUSD 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 TrueUSD (TUSD) Tokens

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

   Platform	Cryptocurrency	Price
   YouHodler	TrueUSD (TUSD)	1
   Binance	TrueUSD (TUSD)	1
   Kraken	TrueUSD (TUSD)	0.99
   Uphold	TrueUSD (TUSD)	1
   Azbit	TrueUSD (TUSD)	1

   View all 35 prices

2. 2. Select a TrueUSD provider in the UAE

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

   Platform	Cryptocurrency	APY
   Nexo	TrueUSD (TUSD)	Up to 14% APY
   YouHodler	TrueUSD (TUSD)	Up to 20% APY
   Bitget	TrueUSD (TUSD)	Up to 9% APY
   CEX.io	TrueUSD (TUSD)	Up to 4% APY
   Kucoin	TrueUSD (TUSD)	Up to 0.5% APY

   View all 8 financing rates

3. 3. Lend Your TrueUSD in the UAE

   Once you've selected a platform to lend your TrueUSD, transfer your TrueUSD into your wallet on the lending platform. Once it's deposited, it will begin to earn APY. Some platforms offer interest payments daily, while others may do so 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 higher your potential returns. Ensure that your lending platform offers compounding interest to maximize your earnings.

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.