UPDATED: 15, September 2021
As of today, YouHodler clients can deposit the Pax Dollar (USDP) stablecoin on YouHodler.com, use it for regluar loan payments, and start earning interest up to 12% per annum. Following Tether (USDT), and USD Coin (USDC), and True USD (TUSD), this is the fourth stablecoin supported on the platform with more to follow in the future.
YouHodler has a variety of ways for its clients to profit from their digital assets and upgrade their portfolio from that of a passive hodler, to one of an active hodler. YouHodler’s Savings Accounts are an easy and efficient way to crypto earn with interest. Here’s how to earn interest on USDP in just four steps:
Step 1: Navigate to your “Wallets” page on YouHodler.com
Step 2: Click the “Add funds” button on your USDP wallet
Step 3: Follow the instructions to deposit USDP into the platform
Step 4: Watch your USDP portfolio grow up to 12% per annum
To see how much interest was earned each day, check the “Earned” section of the Savings Account. At the end of each month, the whole earned amount will be automatically deposited into a Savings Account deposit. Users can “Release” it from the savings account and then withdraw or keep their funds in the account to earn more interest until the next settlement period.
Paxos, which labels USDP as a “digital dollar” is an ERC20-based stablecoin backed 1:1 by the U.S. dollar and is issued by the Paxos Trust Company. Paxos guarantees that funds are carefully audited, protected and regulated. For each individual PAX holder, Paxos states that funds are held in separate accounts at FDIC-insured U.S. domiciled banks.
Paxos states that PAX is a “piece of our future vision for a frictionless, global economy, where all assets can move anywhere instantaneously, 247.” With this vision combined with their extreme attention to detail and regulation, YouHodler thought USDP would make an excellent addition to our list of high-quality stablecoin and cryptocurrency offerings.
We hope to introduce many YouHodler clients to USDP through our savings account that will lead to future exploration of the USDP stablecoin and it’s variety of uses. To learn more about Paxos and to purchase USDP, visit Paxos.com today.
After launching USDT, BTC, TUSD and USDC savings accounts, we’re thrilled to meet client demand once again with the launch of USDP payment option and savings account. You can earn interest on any of these options right now.
So go to YouHodler.com, sign up, deposit and enjoy your life as an active hodler who can crypto earn faster. Also, stay tuned for more exciting stablecoin news coming soon!