Introduction
Staking PayPal USD is an excellent choice for those looking to hold PYUSD while earning yield securely and supporting the network. The process may seem overwhelming, especially for first-timers. That's why we've created this guide to help you through it.
Comprehensive Guide
1. Acquire PayPal USD (PYUSD) Tokens
To stake PayPal USD, you first need to acquire it. You can purchase PayPal USD from various popular exchanges.
2. Select a PayPal USD Wallet
Once you have PYUSD, you'll need to select a PayPal USD wallet to keep your tokens safe. Here are some great options.
Platform Coin Staking benefits YouHodler PayPal USD (PYUSD) Earn up to 12% APY 3. Delegate Your PYUSD
We suggest using a staking pool for staking PYUSD. It's easier and quicker to start. A staking pool consists of validators who pool their PYUSD, increasing their chances of validating transactions and earning rewards. You can access this via your wallet's interface.
4. Begin Validation
You will need to wait for your deposit to be confirmed by your wallet. Once confirmed, you will automatically validate transactions on the PayPal USD network. You will be rewarded with PYUSD for these validations.
Key Considerations
Consider the transaction and staking pool fees. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, which can take some time.
Recent Developments
PayPal USD (PYUSD) is currently priced at $12 with a 24-hour trading volume of $18.58M. The market cap of PayPal USD stands at $523.59M, with 523.63M PYUSD in circulation. For those looking to buy or trade PayPal USD, YouHodler offers avenues to do so securely and efficiently
- Market capitalization
- $523.59M
- 24-hour trading volume
- $18.58M
- Circulating supply refers to the total amount of a cryptocurrency or token that is currently available for trading in the market. It excludes tokens that are locked, reserved, or not yet released.
- 523.63M PYUSD
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