How to Lend Wrapped USTC (USTC) in Australia: A Step-by-Step Guide

Introduction

Lending Wrapped USTC can be a great option for those who want to hold USTC while earning yield. The steps may seem a bit daunting, especially the first time you do them. That's why we've put this guide together for you.

Step-by-Step Guide

1. Obtain Wrapped USTC (USTC) Tokens
To lend Wrapped USTC, you need to possess it. To acquire Wrapped USTC, you'll need to buy it. You can select from these popular exchanges.
Platform Coin Cost
Kraken Wrapped USTC (USTC) 0.01
CoinEx Wrapped USTC (USTC) 0.01
Hotcoin Wrapped USTC (USTC) 0.01
Kucoin Wrapped USTC (USTC) 0.01
MEXC Global Wrapped USTC (USTC) 0.01
See all 10 prices
2. Choose a Wrapped USTC lender
Once you have USTC, you'll need to choose a Wrapped USTC lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate
Kucoin Wrapped USTC (USTC) Up to 0.5% p.a.
3. Lend Your Wrapped USTC
Once you've chosen a platform to lend your Wrapped USTC, transfer your Wrapped USTC into your wallet on the lending platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others do so weekly or monthly.
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. Ensure your lending platform pays compounding interest to maximise your returns.

Platform	Coin	Cost
Kraken	Wrapped USTC (USTC)	0.01
CoinEx	Wrapped USTC (USTC)	0.01
Hotcoin	Wrapped USTC (USTC)	0.01
Kucoin	Wrapped USTC (USTC)	0.01
MEXC Global	Wrapped USTC (USTC)	0.01

Platform	Coin	Interest rate
Kucoin	Wrapped USTC (USTC)	Up to 0.5% p.a.

What to Be Aware Of

Lending your crypto can be risky. Ensure 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.