Where & how to lend TrueUSD (TUSD)

Introduction

Lending TrueUSD can be a great option for those who want to hold TUSD but earn yield. 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

1. 1. Obtain TrueUSD (TUSD) tokens

   In order to lend TrueUSD, you need to have it. To obtain TrueUSD, you’ll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Uphold	TrueUSD (TUSD)	$1
   Wirex	TrueUSD (TUSD)	$1
   Kraken	TrueUSD (TUSD)	$1.02
   Binance	TrueUSD (TUSD)	$0.999
   YouHodler	TrueUSD (TUSD)	$0.9989

   See all 12 prices

2. 2. Choose a TrueUSD lender

   Once you have TUSD, you’ll need to choose a TrueUSD lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Nexo	TrueUSD (TUSD)	Up to 14% APY
   YouHodler	TrueUSD (TUSD)	Up to 20% APY
   Kucoin	TrueUSD (TUSD)	Up to 0.5% APY
   Bitget	TrueUSD (TUSD)	Up to 9% APY

   See all 5 lending rates

3. 3. Lend your TrueUSD

   Once you’ve chosen a platform to lending your TrueUSD, transfer your TrueUSD into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.

4. 4. Earn interest

   Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.

What to be aware of

Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.