Where and How to Lend First Digital USD (FDUSD)

Introduction

Lending First Digital USD can be a great option for those who wish to hold FDUSD but earn interest. The steps can be a bit intimidating, especially the first time you attempt them. That's why we have compiled this guide for you.

Step-by-Step Guide

1. 1. Acquire First Digital USD (FDUSD) Tokens

   To lend First Digital USD, you need to have it. To obtain First Digital USD, you’ll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Binance	First Digital USD (FDUSD)	1.00
   MEXC Global	First Digital USD (FDUSD)	1.00
   BingX	First Digital USD (FDUSD)	1.00
   Bitget	First Digital USD (FDUSD)	1.00
   Gate.io	First Digital USD (FDUSD)	1.00

   See all 7 prices

2. 2. Select a First Digital USD Lender

   Once you have FDUSD, you’ll need to choose a First Digital USD lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Aave	First Digital USD (FDUSD)	Up to 2.86 APY
   BTSE	First Digital USD (FDUSD)	Up to 6.50 APY

3. 3. Lend Your First Digital USD

   After you have selected a platform for lending your First Digital USD, transfer your First Digital USD into your wallet on the lending platform. Once it is deposited, it will begin earning interest. Some platforms pay interest on a daily basis, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you have to do is relax while your crypto earns interest. The more you deposit, the more interest you can earn. Make sure your lending platform pays compounding interest to maximise your returns.

What to Keep in Mind

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