HUSD Savings Account: Earn Interest on Crypto
YouHodler’s list of options to choose from for crypto savings accounts continues to grow. These low risk, high yield savings accounts help users earn interest in crypto up to 8.32% per year. HUSD is quickly becoming a popular option for stablecoin users. Since March of 2020, the market cap of HUSD grew by 103.26% to $158M and is now one of the top five stablecoins in the market. Here are some additional details on HUSD and also learn how to easily accumulate crypto interest via YouHodler.
What Is HUSD and how to earn interest on crypto with YouHodler
HUSD is a USD-backed stablecoin that offers users the advantages of blockchain-based technology while simultaneously providing a tool for traders to shelter from market volatility. HUSD tokens are issued as ERC-20 tokens on the Ethereum blockchain and are backed 1:1 by USD held in FDIC-insured U.S. bank accounts.
To verify the 1:1 backing of HUSD and U.S Dollar is maintained, an independent auditing firm conducts monthly attestations for HUSD. The attestations are available for public viewing on HUSD official website.
Using a U.S.-based trust company as its custodial partner, the HUSD token was launched in 2019 and has reached a total issuance of 1 billion HUSD in less than 10 months.
HUSD savings account: Why earn interest on crypto with YouHodler
YouHodler provides a variety of ways to profit from digital assets and with crypto savings accounts, users can unlock high yield, low-risk investment tools. Here are a few reasons to earn interest in crypto with YouHodler:
- Earn crypto up to 8.32% High-yield savings accounts: Earn 8.32% interest per year on YouHodler. This is exceptionally higher than any “high-yield” traditional bank savings accounts and other investments. YouHodler offers its clients unlimited flexibility, allowing users to easily deposit and withdraw funds anytime, anywhere.
- Guaranteed asset security: All crypto funds on YouHodler are secured with industry-best practices when it comes to storage. Funds are never stored 100% in hot wallets. Instead, we use a mixture of hot and cold wallet storage to ensure maximum protection of users’ funds. Read more details about YouHodler trust and security features here.
- Crypto interest paid out monthly without any fees: At the end of each monthly settlement period, the whole earn amount of crypto interest is deposited into the users’ savings account deposit. Users can choose to release it from the savings account and withdraw or keep the funds in the account to earn more crypto interest in the next settlement period.
Explore other ways to earn interest on crypto with YouHodler
HUSD is just one option to earn interest in crypto with YouHodler. Visit our Earn Interest page to see the wide variety of stablecoin, and cryptocurrency coins to choose from. Earn interest in Bitcoin, Binance Coin and much more. Earn crypto with a savings account and discover a more productive way to HODL.
HUSD saving wallet App that pays interest
YouHodler wallet app is the only application where you can store your HUSD just like you would in a regular wallet but in addition, earn interest on that HUSD wallet balance every week.
How does HUSD interest work
You can earn interest on HUSD just like you would with a traditional bank savings account but with one key difference. Instead of near to zero interest rates at banks, we offer you 8.32% interest on HUSD.
How to Earn Free HUSD
It’s easy! Just deposit HUSD to your YouHodler wallet and you’ll earn free HUSD every week.
How to Get Free HUSD
Interest payments occur every seven days. So you’ll get your free HUSD a week after your first deposit.
Cumulative Interest HUSD
Yes, you have cumulative interest if you HODL HUSD in the wallet. We calculate compound interest rates every week.
HUSD APY & Yield
Compared to other platforms, we offer APY instead of APR. APR gives you interest payments without the compounding effect. Hence, with APY at YouHodler, you get more HUSD at the end of the year due to this cumulative interest.
HUSD Savings Calculator
Just use our HUSD Savings Calculator to see what you will have in 3, 6, or 12 months of HODLing on YouHodler.