Where and How to Stake First Digital USD (FDUSD)

Introduction

Staking First Digital USD can be a great option for those who want to hold FDUSD but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

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

   In order to stake First Digital USD, you need to have it. To obtain First Digital USD, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Binance	First Digital USD (FDUSD)	1.00
   Bitmart	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

   See all 8 prices

2. 2. Choose 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 recommend using a staking pool when staking FDUSD. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their FDUSD, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 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 First Digital USD network. You’ll be rewarded with FDUSD for these validations.

What to be Aware of

There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.