Recent Developments
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- Market capitalization
- $1.79B
- missing en-cn translation: common.volume-24h
- $6.67B
- Circulating supply in the market
- 1.79B FDUSD
Earn as much as
16.2% APY on your investments.
An in-depth guide on how to stake First Digital USD (FDUSD) in the Chinese market
We have extensive data on staking First Digital USD (FDUSD), and we are pleased to share some insights with you.
We present various staking options with different cryptocurrencies that may pique your interest.
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Staking First Digital USD can be an excellent choice for individuals 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-time users. That's why we have created this comprehensive guide to assist you.
To stake First Digital USD, you first need to acquire it. To obtain First Digital USD, you can purchase it from these well-known exchanges.
Once you have FDUSD, you'll need to select a First Digital USD wallet to securely store your tokens. Here are some excellent options to consider.
| Platform | Coin | Staking returns |
|---|---|---|
| Binance | First Digital USD (FDUSD) | Up to 16.2% APY |
We recommend utilizing a staking pool when staking FDUSD. It is more straightforward and quicker to get started. A staking pool consists of a collective of validators who pool their FDUSD, enhancing their chances of validating transactions and earning rewards. You can easily manage this through your wallet's interface.
You will need to wait for your deposit to be confirmed by your wallet. Once it is confirmed, you will automatically validate transactions on the First Digital USD network. For these validations, you will be rewarded with FDUSD.
When engaging in transactions and participating in staking pools, it's important to factor in the associated fees. Additionally, there may be a waiting period before you begin to receive rewards. The staking pool must successfully generate blocks, which can require some time to accomplish.