How to Earn Gemini Dollar (GUSD): A Comprehensive Guide for Australians

Introduction

Lending Gemini Dollar can be a great option for those who want to hold GUSD while earning yield. The steps may seem a bit daunting, especially the first time you do them. That's why we've put this guide together for you.

Step-by-Step Guide

1. Obtain Gemini Dollar (GUSD) tokens
To lend Gemini Dollar, you need to possess it. To acquire Gemini Dollar, you'll need to buy it. You can select from these popular exchanges.
Platform Coin Cost
Uphold Gemini Dollar (GUSD) 1
Gate.io Gemini Dollar (GUSD) 1
Gemini Gemini Dollar (GUSD) 1
Probit Gemini Dollar (GUSD) 0.88
See all 7 prices
2. Choose a Gemini Dollar lender
Once you have GUSD, you'll need to choose a Gemini Dollar lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate
Gemini Gemini Dollar (GUSD) Up to 0.01% p.a.
3. Earn Gemini Dollar
Once you've chosen a platform to earn your Gemini Dollar, transfer your Gemini Dollar into your wallet on the earning platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others do so 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. Ensure your earning platform pays compounding interest to maximise your returns.

Platform	Coin	Cost
Uphold	Gemini Dollar (GUSD)	1
Gate.io	Gemini Dollar (GUSD)	1
Gemini	Gemini Dollar (GUSD)	1
Probit	Gemini Dollar (GUSD)	0.88

Platform	Coin	Interest rate
Gemini	Gemini Dollar (GUSD)	Up to 0.01% p.a.

What to Be Aware Of

Lending your crypto can be risky. Ensure you do your research before depositing your crypto. Don't lend more than you're prepared to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.