How to Lend First Digital USD (FDUSD) in Vietnam

Introduction

Lending First Digital USD is an excellent choice for those looking to hold FDUSD while earning yield. The process may seem intimidating at first, which is why we've created this guide to help you navigate it.

Comprehensive Guide

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

   To lend First Digital USD, you must first own it. To acquire First Digital USD, you will need to buy it. You can select from these well-known exchanges.

   Platform	Coin	Cost
   Binance	First Digital USD (FDUSD)	1
   Azbit	First Digital USD (FDUSD)	1
   BingX	First Digital USD (FDUSD)	1
   Bitget	First Digital USD (FDUSD)	1
   Bybit	First Digital USD (FDUSD)	1

   View all 19 prices

2. 2. Select a First Digital USD Lender

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

   Platform	Coin	Interest rate
   Aave	First Digital USD (FDUSD)	Earn up to 2.86% APY
   BTSE	First Digital USD (FDUSD)	Earn up to 7% APY

   View all 5 loan rates

3. 3. Lend Your First Digital USD

   After selecting a platform to lend your First Digital USD, transfer your First Digital USD into your wallet on that platform. Once deposited, it will begin to earn interest. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Grow Your Savings

   Now all you need to do is relax while your crypto accumulates interest. The more you deposit, the greater your potential earnings. Ensure that your lending platform offers compounding interest to maximize your returns.

Things to Consider

Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing. Only lend what you can afford to lose. Review their lending practices, read user reviews, and understand how they secure your cryptocurrency.