Earn up to
16.2% APY in Canada
An in-depth guide on how to stake First Digital USD (FDUSD) in Canada
We have a wealth of information on staking First Digital USD (FDUSD) and we're excited to share some of this with you.
We present you with various staking options featuring other cryptocurrencies that may pique your interest.
First Digital USD (FDUSD) is currently priced at US$16.2 with a 24-hour trading volume of US$6.67B. The market cap of First Digital USD stands at US$1.79B, with 1.79B FDUSD in circulation. For those looking to buy or trade First Digital USD, Binance offers avenues to do so securely and efficiently
Staking First Digital USD can be an excellent choice for Canadians looking to hold FDUSD while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide specifically for you.
To stake First Digital USD, you first need to acquire it. To obtain First Digital USD, you'll need to purchase it from one of these popular Canadian exchanges.
Once you have FDUSD, you'll need to choose a First Digital USD wallet to store your tokens. Here are some great options available in Canada.
| Platform | Coin | Staking rewards in Canada |
|---|---|---|
| Binance | First Digital USD (FDUSD) | Up to 16.2% APY in Canada |
We recommend using a staking pool when staking FDUSD. It's simpler and faster to get started. A staking pool is a group of validators who combine their FDUSD, which increases their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the First Digital USD network. You'll be rewarded with FDUSD for these validations.
In Canada, it's important to consider transaction and staking pool fees. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, which can take some time.
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