How to Lend First Digital USD (FDUSD)

Introduction

Lending First Digital USD can be an excellent choice for those looking to hold FDUSD while generating a return. The process may seem a bit intimidating, particularly for first-timers. That’s why we’ve created this guide to help you navigate through it.

Step-by-Step Guide for Italian Investors

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

   To lend First Digital USD, you must first possess it. To acquire First Digital USD, you'll need to buy it. You can select from these well-known exchanges available in Italy.

   Piattaforma	Criptovaluta	Value
   Binance	First Digital USD (FDUSD)	1 APY
   Azbit	First Digital USD (FDUSD)	1 APY
   BingX	First Digital USD (FDUSD)	1 APY
   Bitget	First Digital USD (FDUSD)	1 APY
   Bybit	First Digital USD (FDUSD)	1 APY

   Check out all 19 prices

2. 2. Select a First Digital USD Lender in Italy

   Once you have FDUSD, you'll need to select a First Digital USD lending platform to lend your tokens. You can explore some options here.

   Piattaforma	Criptovaluta	APY
   Aave	First Digital USD (FDUSD)	Up to 2,86% APY
   BTSE	First Digital USD (FDUSD)	Up to 7% APY

   Discover all 5 lending APY rates

3. 3. Lend Your First Digital USD in Italy

   Once you've selected a platform to lend your First Digital USD, transfer your First Digital USD into your wallet on the lending platform. After the deposit is made, it will begin to accrue interest. Some platforms offer interest payments daily, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the higher your potential returns. Ensure that your lending platform offers compounding interest to maximize your earnings.

What to Consider in Italy

Lending your cryptocurrency can involve significant risks