#GUSDYieldRisesto3.8%


GUSD Is Even More Convenient with 1:1 USD1 Minting! 🚀

The latest GUSD upgrade now allows for 1:1 minting with USD1. It’s even easier to get yourself a stablecoin with a yield, adding to your existing options of USDT and USDC! This means more choice to mint GUSD with a stablecoin that complements your current portfolio and goals.

One of GUSD’s main attractions is the 3.8% APY (annual percentage yield), automatically distributed and compounded every day! You don’t have to claim rewards; GUSD is already working for you with daily auto-compounding. GUSD is backed by real-world assets (RWAs) of US Treasuries and also backed by Gate ecosystem revenue, making it an intriguing stablecoin.

The other element that adds to the appeal of GUSD is the ease with which you can utilize it within the Gate ecosystem. Rather than just hold the stablecoin, users can utilize their GUSD to participate in Launchpool, Pre-IPOs, and other wealth management products to earn multiple rewards simultaneously.

So for anyone who regularly holds stablecoins, the new 1:1 USD1 minting feature is a great step towards greater flexibility! Of course, like any investment, it’s crucial to understand the mechanics and risks involved before proceeding.

Have you tried minting GUSD with USD1?

Or do you still stick with USDT or USDC?

What works best for your convenience?

Let us know in the comments!

👇

#Stablecoin #GateSquare
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