How to Lend TrueUSD (TUSD) in Australia

Introduction

Lending TrueUSD can be a great option for those who want to hold TUSD 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. 1. Obtain TrueUSD (TUSD) Tokens

   To lend TrueUSD, you need to possess it. To acquire TrueUSD, you'll need to buy it. You can select from these popular exchanges.

   Platform	Coin	Cost
   YouHodler	TrueUSD (TUSD)	1
   Binance	TrueUSD (TUSD)	1
   Kraken	TrueUSD (TUSD)	0.99
   Uphold	TrueUSD (TUSD)	1
   Azbit	TrueUSD (TUSD)	1

   See all 35 prices

2. 2. Choose a TrueUSD lender

   Once you have TUSD, you'll need to choose a TrueUSD lending platform to lend your tokens. You can find some options here.

   Platform	Coin	Interest rate
   Nexo	TrueUSD (TUSD)	Up to 14% p.a.
   YouHodler	TrueUSD (TUSD)	Up to 20% p.a.
   Bitget	TrueUSD (TUSD)	Up to 9% p.a.
   CEX.io	TrueUSD (TUSD)	Up to 4% p.a.
   Kucoin	TrueUSD (TUSD)	Up to 0.5% p.a.

   See all 8 lending rates

3. 3. Lend Your TrueUSD

   Once you've chosen a platform to lend your TrueUSD, transfer your TrueUSD into your wallet on the lending platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others do so weekly or monthly.

4. 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 lending platform pays compounding interest to maximise your returns.

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 willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.