Earn up to
16,2% APY
A comprehensive guide on how to stake First Digital USD (FDUSD)
We have a wealth of information on staking First Digital USD (FDUSD) and we're excited to share some of this with you.
We present some staking options with other cryptocurrencies that may pique your interest.
First Digital USD (FDUSD) is currently priced at US$16,2 with a 24-hour trading volume of US$6,67B. The market cap of First Digital USD stands at US$1,79B, with 1,79B FDUSD in circulation. For those looking to buy or trade First Digital USD, Binance offers avenues to do so securely and efficiently
Staking First Digital USD can be an excellent choice for those looking to hold FDUSD while earning APY in a secure manner and supporting the network. 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.
To stake First Digital USD, you first need to acquire it. To obtain First Digital USD, you'll need to buy it. You can select from these popular exchanges available in South Africa.
Once you have FDUSD, you'll need to choose a First Digital USD wallet to store your tokens securely. Here are some solid options to consider.
| Platform | Mint | Staking rewards in South Africa |
|---|---|---|
| Binance | First Digital USD (FDUSD) | Up to 16,2% APY |
We recommend using a staking pool when staking FDUSD. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their FDUSD, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
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.
There are transaction and staking pool fees you need to take into account. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this process can take some time.
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