Where and how to stake First Digital USD (FDUSD)

Introduction

Staking First Digital USD can be a great option for those who wish to hold FDUSD while earning yield in a safe manner and contributing to the network. The steps can be somewhat daunting, especially the first time you do them. That’s why we have put together this guide for you.

Step-by-Step Guide

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

   To stake 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)	0.99
   Gate.io	First Digital USD (FDUSD)	1.00

   See all 7 prices

2. 2. Select a First Digital USD Wallet

   Once you have FDUSD, you’ll need to choose a First Digital USD wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   Binance	First Digital USD (FDUSD)	Up to 16.20 APY

3. 3. Delegate Your FDUSD

   We suggest using a staking pool for staking FDUSD. It's easier and quicker to get started. A staking pool is a collection of validators who combine their FDUSD, which increases their odds of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 4. Start Validating

   You'll have 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.

What to Keep in Mind

You need to keep in mind the transaction and staking pool fees. Additionally, there might be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this can take a while.