#GUSDYieldRisesto3.8%

GUSD at 3.8%: Making Idle Money Work

Most of the time money that people have in stablecoins just sits there doing nothing between trades.. Gates new GUSD upgrade is changing that. Now GUSD is linked to the US dollar like USDT and USDC and it earns a 3.8% return each year. This return is paid every day. Added to the total. The money for this return comes from real-world US Treasury assets and from the Gate ecosystem.

What Makes This Work

It is now easy to convert USDT, USDC or USD into GUSD. Once you have GUSD you start earning the 3.8% return away. This return is added to your total every day automatically. You do not have to do anything to get this return. You can use your GUSD whenever you want. This is different from some savings products that only add interest at the end of a certain period.

Getting More From Your Money

The interesting thing about GUSD is that you can use it to do other things. You can put it into Launchpool. Use it to get into initial public offerings without having to convert it back into a different stablecoin. This means you can earn the base return from the US Treasury and also earn money from these other activities. For people who like to move their money to find the best returns this makes things a lot easier.

How I Think About GUSD

I think of GUSD as a way to make my idle money work than just a way to save. Money that would otherwise just be sitting there can now earn a return. I can still use it to do other things. The fact that the return is added every day makes it easy to see how much I am earning. I do not have to worry about doing anything to make it happen.

There are still some risks to think about when using GUSD. There is a risk that the smart contract could be hacked or that the people in charge of the money could do something.. There is always a chance that the return could be lower than expected in some market conditions. So it is still important to be careful and not put much money into GUSD.

What It Means

The new GUSD upgrade is not about trying to get the highest return possible. It is about making it easier to use money that needs to be available and earning a return. The fact that GUSD is backed by the US Treasury and that it earns a return every day and that it can be used to do things makes it a good choice for people who already have stablecoins, on Gate.

‍#GUSD #StablecoinYield #GateFinance @Gate_Square