Introduction
Lending USDD can be an excellent choice for those looking to hold USDD while earning a return. The process may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.
Step-by-Step Guide for South African Investors
1. Acquire USDD (USDD) Tokens
To lend USDD, you first need to possess it. To acquire USDD, you'll need to buy it. You can select from these well-known exchanges.
2. Select a USDD Lender
Once you have USDD, you'll need to select a USDD lending platform to lend your tokens. You can explore some options here.
View all 6 lending APYsPlatform Mint APY BTSE USDD (USDD) Up to 0,49% APY Kucoin USDD (USDD) Up to 20% APY 3. Earn USDD
Once you've selected a platform to earn your USDD, transfer your USDD into your wallet on the earning platform. Once it's deposited, it will start earning APY. Some platforms pay interest daily, while others do so weekly or monthly.
4. Earn Interest in South Africa
Now all you need to do is sit back while your cryptocurrency earns APY. The more you deposit, the more interest you can earn. Try to ensure your earning platform pays compounding interest to maximise your returns.
What to Keep in Mind
Lending your crypto can be risky. Ensure you conduct thorough research before depositing your crypto. Don't lend more than you're prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.
Latest Movements in the Market
USDD (USDD) is currently priced at 0 with a 24-hour trading volume of US$2,03M. The market cap of USDD stands at US$744,55M, with 746,59M USDD in circulation. For those looking to buy or trade USDD, BTSE offers avenues to do so securely and efficiently
- Market capitalisation
- US$744,55M
- 24-hour trading volume
- US$2,03M
- Circulating supply
- 746,59M USDD