Introduction
Staking USDC can be a great option for those who want to hold USDC but earn yield in a safe way whilst contributing to the network. The steps can be a bit daunting, particularly the first time you do them. That’s why we’ve put this guide together for you.
Step-by-Step Guide
1. Obtain USDC (USDC) Tokens
To stake USDC, you need to have it. To obtain USDC, you'll need to purchase it. You can choose from these popular exchanges.
2. Choose a USDC Wallet
Once you have USDC, you’ll need to choose a USDC wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards YouHodler USDC (USDC) Up to 18 AER Klink USDC (USDC) Up to 5.45 AER Binance USDC (USDC) Up to 15 AER 3. Delegate Your USDC
We recommend using a staking pool when staking USDC. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their USDC, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
4. Start Validating
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 USDC network. You'll be rewarded with USDC for these validations.
What to be Aware of
There are transaction and staking pool fees you need to consider. There may also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.
Latest Movements
USDC (USDC) is currently priced at US$18 with a 24-hour trading volume of US$6.04B. The market cap of USDC stands at US$45.41B, with US$45.41B USDC in circulation. For those looking to purchase or trade USDC, YouHodler offers avenues to do so securely and efficiently}
- Market capitalisation
- US$45.41B
- 24-hour volume
- US$6.04B
- Circulating supply
- US$45.41B
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